[Tools for Humanity, Parent Company of World, is Laying Off Staff] According to Business Insider, Tools for Humanity, the parent company of World (formerly Worldcoin) led by Sam Altman, is undergoing layoffs. The company is valued at $2.5 billion, with investors including Andreessen Horowitz, Bain Capital, and Khosla Ventures, and has over 500 employees. An internal email stated that the layoffs are based on adjustments to the company's strategy and operational priorities, with specific details to be announced at an all-hands meeting on Tuesday. The company has struggled to demonstrate how its iris-scanning device, Orb, can generate stable revenue and gain regulatory approval, despite having millions of registered users.