Sirin Labs Lays Off 25% of Staff Amid Poor Blockchain Phone Sales

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Israel-based Sirin Labs, maker of the Finney blockchain phone, has laid off a quarter of its workforce.

Speaking to local financial news source Globes, the firm said it had let go of 15 of its 60 employees – less than had been speculated in the media.

The layoffs come amid a disappointing consumer reaction to the firm’s recently launched blockchain phone.  “Sales are not what we expected,” Sirin told Globes.

The device started shipping in November 2018, and notably features a cold (offline) crypto wallet that is effectively a second device in the same housing as the phone. The firm told CoinDesk in November that the wallet also it has a separate processor and users will interact with it on

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