Fireblocks to Cut 7% of Workforce, Including Jobs in Israel

Fireblocks plans to reduce its global workforce by about 7%, with dozens of jobs in Israel affected. The digital-asset technology company said the cuts are part of a restructuring designed to align its organization with strategic growth and changing customer and market needs. Estimates put the reduction at roughly 60 to 70 positions worldwide, out of about 900 employees. Fireblocks, which provides tools for financial institutions to store, transfer and manage digital assets, said employees affected by the changes would receive enhanced severance packages and support with their next steps.