How Many People Work At Ledger 2025: Employee Count, Roles & Trends

Ledger, founded in 2014, has grown into a major player in crypto security, combining hardware devices and software platforms to safeguard digital assets. As of today, the company is navigating both rapid growth and market challenges, with its employee count and structure reflecting its evolving strategy. In industries like blockchain hardware wallets and enterprise security, Ledger’s scale matters; more staff means more R&D, more support, and more global reach. On the flip side, shifts in headcount hint at how the company responds to regulatory pressure, market downturns, and competition.

How Many People Work At Ledger?

• 698, Ledger’s reported total number of employees in different roles and functions, per data from Latka, as of late 2024 / early 2025.
• 700+, Ledger says it has over 700 employees across 8 offices, according to its company site.
• 500–1,000, Glassdoor and LinkedIn both classify Ledger’s employee size in this range.
• 637, “Welcome to the Jungle” reports Ledger has ~637 employees.
• 734, In 2023, Ledger had around 734 employees before a layoff event.
• 12%, The percentage of the workforce cut in late 2023 (about ~80 people) amid market pressures.
• Average age 34, the average age of Ledger employees, per “Welcome to the Jungle.”

Recent Developments

• In October 2023, Ledger laid off about 12% of its global workforce, citing macroeconomic headwinds.
• At that time, the figure of ~734 employees was often quoted.
• Ledger’s revenue for 2024 was ~$70.9 million, up from ~$36.7 million in 2023, showing nearly double growth.
• The company has raised about $468.2 million in funding to support its scaling and product development.
• Ledger’s valuation reached ~$1.5 billion in recent rounds.
• In 2024, Ledger opened its flagship HQ “106” in Paris, reinforcing its physical office investments amid trends of remote or hybrid work.
• The company has maintained multiple global offices, including locations in Paris, Vierzon (France), London, Portland, Singapore, etc.
• Gender composition, about 70% male / 30% female among employees, as reported.

Ledger’s Current Team (Key People)

• Pascal Gauthier, Chairman & CEO, has led Ledger since 2017 and plays a central role in setting strategic direction, overseeing operations, funding, and product‑innovation initiatives.
• Charles Guillemet, Chief Technology Officer, heads Ledger’s tech, security, and architecture efforts, including the “Donjon” research team responsible for firmware, cryptographic security, and vulnerability oversight.
• Ian Rogers, Chief Experience Officer, focuses on user experience, product design, interface consistency, and how Ledger interacts with its communities across hardware and software.
• Quentin Ricomard, Chief Financial Officer, manages the finance organization, budgeting, capital strategy, and financial operations to ensure stability amid the volatility of the crypto markets.
• Eric Larchevêque, Co‑Founder & Board Member, is involved in guiding high‑level direction, product vision, and maintaining alignment between founding principles and company growth.
• David Balland, Co‑Founder, contributes through board oversight and supporting product, hardware, and company culture aligned with Ledger’s origins in embedded security.
• Joel Pobeda, Co‑Founder, is similarly still connected to strategic initiatives, mentorship, and product‑level thinking anchored in Ledger’s early engineering and hardware roots.
• Antoine Thibault, General Counsel, leads legal, regulatory, compliance, and governance, critical roles as Ledger scales internationally and operates under varied jurisdictions.
• Alexandre Blanc, Global VP People, oversees human resources, recruiting, culture, and workforce policies, guiding how Ledger hires, retains, and structures its staff globally.

XRP Ledger Activity Snapshot

• The network processed 10,391,463 total transactions over the past 7 days.
• There were 80,097 unique active senders, indicating strong user participation.
• Payment was the most dominant transaction type, making up 63.18% of all activity.
• Other common transaction types include OfferCreate, OfferCancel, and NFTokenMint.
• The top 10 transaction types include various DeFi and NFT-related actions, reflecting a diverse use case mix.
• Median transaction fees across all top 10 transaction types were consistent, averaging around 0.0000100 to 0.0000120 XRP.
• The stability in fees signals the cost-efficiency and scalability of the XRP Ledger.

Ledger Employee Count Overview

• Ledger publicly states it has over 700 employees across its global offices.
• Latka reports 698 employees in 2024/2025.
• “Welcome to the Jungle” reports ~637 employees, suggesting some variance in counting methods.
• Glassdoor and LinkedIn both classify Ledger as having between 501–1,000 employees, reinforcing that mid‑size band.
• Before the 12% layoffs, estimates had Ledger at ~734 employees.
• The trend suggests Ledger’s headcount has slightly contracted post‑layoff but remains steady above 600‑700.

Ledger Workforce Growth Over Time

• From its founding in 2014, Ledger has steadily increased its staff, though precise early‑year numbers aren’t always public.
• By 2021, revenue and customer base had grown, which likely corresponded with increasing team size.
• In 2023, headcount peaked at around ~734 employees before layoffs.
• Post‑layoff in late 2023, the employee count dropped by approximately 80 people (12%) from that peak.
• As of early/mid‑2025, figures are between 637–700+, depending on the source.
• Revenue growth mirrored staff growth; revenue nearly doubled from 2023 to 2024, which likely required hiring in support, engineering, and operations.
• One sign of growth is product expansion (e.g., Ledger Stax, Ledger Recover, Ledger Live improvements) necessitating broader teams.
• However, the rate of growth has been moderated by market pressures, leading to layoffs and possible flattening in certain departments.

Crypto Wallet Market Forecast

• It is projected to grow to $18.96 billion in 2025, showing strong demand momentum.
• The market is expected to expand at a 30.4% CAGR between 2025 and 2029.
• By 2029, the market size is forecast to reach a massive $54.79 billion.
• This reflects nearly a 4x increase in just five years, driven by rising crypto adoption and digital asset security needs.

Recent Changes in Employee Numbers

• Ledger’s official site states it has “600+ employees globally.”
• In another recent update, Ledger claims “over 700 employees across 8 offices.”
• Glassdoor notes Ledger’s team consists of more than 900 professionals across its offices.
• The discrepancy between “600+” and “900+” employees likely reflects different counting methods, including contractors vs. full‑time vs. total workforce, or a time‑lag in reporting.
• Ledger’s site lists 9 office locations in various countries, which suggests operational expansion over recent years.
• Office count includes Paris, Vierzon, Grenoble, Montpellier, London, Geneva, Zurich, Singapore, and Portland.
• Ledger opened its new flagship HQ “106T” in Paris in June 2024, which implies recent investment in physical infrastructure, often associated with hiring and structural growth.
• Ledger maintains a hybrid work model, meaning some growth may be remote or distributed, which complicates counting by location vs headcount.

Global Office and Staff Distribution

• Ledger has 9 offices globally, spread across Europe, Asia, and North America.
• Locations include Paris, Vierzon, Grenoble, Montpellier in France, London in the UK, Zurich, Geneva in Switzerland, Singapore, and Portland, Oregon in the US.
• The Paris HQ (“106T”) is a central hub for operations, innovation, and collaboration.
• The France offices (Paris, Vierzon, Grenoble, Montpellier) likely accommodate engineering, security research, and hardware R&D.
• Singapore likely serves both regional business development and support functions for APAC clients.
• Portland (US) likely hosts operations, logistics, or support for the US / North America region.
• Ledger mentions 56 nationalities among its employees, which indicates global hiring and diversity.

Ledger Company Culture and Values

• Ledger’s leadership often refers to security, trust, and customer ownership as core values.
• The company maintains a hybrid work model in many offices.
• With employees from 56 nationalities, Ledger emphasizes diversity and global collaboration.
• Employee reviews suggest Ledger aims for a learning culture, security research, and craftsmanship in hardware/software as high-value areas.
• Ledger’s investment in its Paris HQ (“106T”) underscores its focus on spaces that foster collaboration and innovation.
• Although specifics per department are not always published, the company shows an ongoing commitment to R&D and compliance, signaling values around reliability and legal responsibility.
• Forums report a gender split of roughly 70% male / 30% female among staff.

Company Background and History

• Ledger was founded in 2014 by eight experts with backgrounds in embedded security, crypto, and entrepreneurship.
• The original goal, create secure hardware + software solutions to protect blockchain applications when crypto was still emerging.
• Over time, Ledger expanded its product portfolio to hardware wallets, Ledger Live software, Ledger Enterprise, and more.
• The company has raised $463 million since 2014 for growth, R&D, and global operations.
• Ledger has sold over 7 million devices globally.
• Its customer base spans 180+ countries.
• Ledger’s mission is to secure digital assets for individuals and enterprises, including banks and high-net-worth users.
• Its early roots are in France, which remains a core base for engineering and security, evolving into a global scale.

Key Milestones in Ledger’s Development

• 2014, Ledger was founded.
• Development of its proprietary OS and “secure element”‑based hardware wallets.
• Launch and growth of Ledger Live as a software companion.
• Heavy funding rounds culminating in $463 million+ raised.
• The opening of the new Paris HQ “106T” in June 2024, a landmark physical milestone.
• Expansion to 9 global offices, which shows geographical scaling.
• Selling over 7 million hardware devices is, major product adoption milestone.
• Serving customers in 180+ countries means scaling in market reach.

Comparisons with Peers

• Ledger Wallet is estimated to have 997 employees, though other sources contradict this number.
• Trezor is reported to have about 175 employees and ~$47.2 million in revenue in recent data.
• MetaMask is reported to have ~248 employees.
• Coinbase has thousands of employees (~8,800+ in some reports) and a dramatically larger revenue base.

• Ledger’s revenue per employee is estimated at about $182,000/year.
• In employee growth, Ledger had –2% growth last year.
• Peers like MetaMask or others have had growth rates of 25‑30% in some periods.
• Ledger’s layoffs of ~12% in late 2023 are larger relative reductions compared to some peers.

Notable Layoffs and Organizational Changes

• In October 2023, Ledger announced it would cut 12% of its global headcount, driven by “macroeconomic headwinds.”
• At the time, Ledger had ~734 employees, so 12% corresponds to approximately 88 job cuts.
• The layoffs covered multiple jurisdictions, affecting a range of departments, including operations, support, and non‑core roles.
• The reason cited, revenue pressures due to bear market conditions and the collapse of major industry players like FTX, Voyager.
• Ledger emphasized these changes were necessary for longevity and to adapt to the current business reality.
• Post‑layoff, some reporting suggests the company’s headcount dropped from ~734 to somewhere in the 650‑700 range.
• The authoritative source GetLatka now reports Ledger has 698 employees.
• Ledger’s “team size” data indicates that engineering and product development are relatively small slices of total headcount.

Factors Affecting Employee Growth

• Macroeconomic pressure, crypto bear markets reduce investment flows and customer demand.
• Regulatory environment, security, and compliance requirements increase overhead.
• Product complexity requires hardware engineering, firmware, and audits.
• Revenue growth, Ledger’s revenue was ~$70.9 million in 2024, supporting hiring.
• Market demand volatility affects hardware wallet purchases.
• Operational expansion, maintaining offices globally, raises fixed costs.
• Competition forces investment in features requiring more talent.
• Talent market constraints, cryptography, and embedded systems engineers are hard to hire.

Frequently Asked Questions (FAQs)

Conclusion

Ledger’s workforce today reflects both resilience and adaptation. When compared with peers such as Trezor, MetaMask, and Coinbase, Ledger sits mid‑range in headcount, but its focus on hardware, security, and compliance gives it distinct operating pressures. Looking forward, growth will depend on market cycles, regulatory clarity, and resource management. As you consider Ledger’s trajectory, its headcount is more than a number; it’s a lens into where the company sees its future.