Ledger remains a prominent force in crypto asset security, offering industry-leading hardware wallets and security solutions. As the digital finance landscape expands, Ledger’s workforce growth reflects both demand and the company’s global reach. With offices in multiple countries and strategic hires in tech and compliance, understanding how many people work at Ledger reveals its operational scale and ambition. This article dives into detailed data across hiring trends, geographic distribution, and organizational structure to give a full picture of Ledger’s employee base today.
How Many People Work At Ledger?
- Ledger states it has over 700 employees across 8 offices, as of 2025.
- Despite restructuring, Ledger quickly resumed hiring in key areas like security engineering and compliance.
- Ledger maintains a global footprint with offices in Europe, North America, and Asia.
- Ledger’s headcount trends correlate with its surging valuation and revenue growth in 2024 and 2025.
- –2% net employee growth rate last year.
Recent Developments
- Ledger employs over 700 across 8 offices globally.
- Pre-2023 layoff headcount reached 734 staff.
- 12% reduction cut about 80 positions in late 2023.
- Operations span 8 offices globally, with Ledger’s own materials confirming 8 named locations (Paris, Vierzon, Grenoble, Montpellier, London, Portland, Singapore, Zurich).
- The average employee age stands at 34 years.
- Team includes 56 nationalities for global diversity.
- Revenue hit $70.9 million, supporting staff stability.
Crypto Wallet Market Forecast
- Crypto wallet market to hit $18.96 billion in 2025, fueled by strong demand.
- Expected CAGR of 30.4% from 2025 to 2029, indicating rapid growth.
- Market size projected to reach $54.79 billion by 2029, nearly 4x growth.
- Surge driven by increased crypto adoption and digital asset security demand.
Ledger’s Current Team (Key People)
- Pascal Gauthier, Chairman & CEO, leads Ledger’s strategic direction, operational execution, and product vision, guiding the company through growth in hardware, software, and institutional offerings.
- Charles Guillemet, Chief Technology Officer (CTO), oversees Ledger’s technology strategy, security architecture, and development of core products like firmware and secure enclave systems.
- Ian Rogers, Chief Experience Officer (CXO), focuses on the overall user experience, product design, and how Ledger’s solutions interact with customers across hardware and software.
- Quentin Ricomard, Chief Financial Officer (CFO), manages financial planning, budgeting, capital strategy, and financial operations to support Ledger’s stability and expansion.
- Eric Larchevêque, Co‑Founder & Board Member, contributes to high‑level strategy, product vision, and alignment with Ledger’s founding principles as the company grows globally.
- David Balland, Co‑Founder, remains involved with board oversight and supports product and hardware vision anchored in Ledger’s security expertise.
- Joel Pobeda, Co‑Founder, continues contributing to strategic initiatives and mentoring teams based on Ledger’s early engineering roots.
- Antoine Thibault, General Counsel, leads legal, compliance, and regulatory affairs, ensuring Ledger operates effectively across jurisdictions as it scales.
- Alexandre Blanc, Global VP People, heads human resources, recruiting, culture, and workforce strategy, shaping how Ledger hires, retains, and develops talent worldwide.
Ledger Official Employee Numbers
- Ledger officially reports over 700 employees in 2025, distributed across 8 global offices.
- These offices span France, the UK, the US, and Singapore, reflecting a diverse operational footprint.
- The company describes itself as a global security-first organization supporting millions of users.
- The reported figure includes employees across engineering, marketing, legal, and support teams.
- Ledger’s internal culture encourages collaboration between office-based and remote employees.
- The company has not publicly broken down employee count by department or office.
- Its career portal and press materials regularly reference this 700+ headcount in talent acquisition.
- Official figures are used in public-facing documents such as investor updates and job announcements.
Ledger’s Staff Gender Distribution
- Ledger’s workforce is reported to be approximately 70% male, according to community forums.
- Female representation among Ledger staff is estimated at around 30%, reflecting broader tech industry trends.
How Ledger’s Workforce Has Grown Over Time
- Ledger was founded in 2014 with a small core team based in Paris.
- By 2018, it had grown significantly, driven by rising interest in crypto wallets.
- In 2020, workforce estimates were around 250–300 employees as demand scaled globally.
- Between 2021 and 2022, Ledger expanded to roughly 500–600 employees.
- The company surpassed 700 employees by mid-2023, marking a rapid growth phase.
- The 12% reduction in late 2023 briefly decreased headcount, likely into the 600–650 range.
- Rehiring efforts in 2024 contributed to a rebound, with employee levels recovering.
- The current number, 700+ in 2025, represents a return to peak pre-reduction staffing levels.
- Hiring correlates with Ledger’s product expansion, especially the Ledger Live ecosystem and enterprise offerings.
Recent Changes In Ledger Staff Numbers
- Pre-layoff peak reached 734 employees in 2023.
- 12% workforce reduction impacted ~80–88 positions.
- Post-layoff headcount dropped to the 650–700 range.
- Latka reports 698 total employees in late 2024/early 2025.
- The official site states over 700 across 8 offices.
- Revenue doubled to $70.9 million in 2024, fueling rehiring.
- Workforce stabilized between 637–700+ by mid-2025.
- 56 nationalities reflect diverse hiring recovery.
XRP Ledger Activity Snapshot
- The XRP Ledger processed 10,391,463 transactions in the past 7 days.
- There were 80,097 active senders, showing strong user engagement.
- 63.18% of all transactions were Payment types, leading overall activity.
- Other frequent transaction types include OfferCreate, OfferCancel, and NFTokenMint.
- Top 10 transaction types cover a mix of DeFi and NFT-related operations.
- Median transaction fees ranged between 0.0000100 to 0.0000120 XRP across the top 10 types.
- Fee stability highlights XRP Ledger’s cost-efficiency and scalability.
Global Office Locations And Staff Distribution
- France hosts 4 offices, including Vierzon, Grenoble, and Montpellier.
- Europe employs 337 staff primarily in France and UK offices.
- London office focuses on partnerships in the Holborn neighborhood.
- Portland US office supports logistics in the Lloyd District.
- Singapore hub manages Asia-Pacific in downtown core.
- Zurich and Geneva handle Swiss legal services.
- 56 nationalities represent global talent distribution.
Department And Role Distribution At Ledger
- Engineering comprises the majority of technical hires for firmware and apps.
- The security team focuses on cryptography with the Donjon research group.
- 70% male / 30% female gender split across all departments.
- Leadership includes 9 C-level executives in tech and operations.
- 56 nationalities are distributed across engineering and support roles.
- Finance is led by CFO Quentin Ricomard, handling global budgeting.
- Legal managed by General Counsel Antoine Thibault for compliance.
- HR overseen by Global VP Alexandre Blanc for recruitment.
- The average employee age is 34 years across functional teams.
Hiring Trends And Open Positions At Ledger
- Ledger’s careers portal lists 80+ open roles globally as of late Q4 2025.
- The company is hiring across 20+ job families, including engineering, data, finance, and design.
- Security remains a key focus, with 30+ open roles across Donjon and broader security teams.
- Leading Web3 job boards feature 500+ Ledger-tagged listings, covering full-time, internships, and contract positions.
- Internship programs span 10+ disciplines, including legal, UX, and marketing.
- Ledger’s LinkedIn page currently displays 50+ live job postings, along with additional talent pool opportunities.
- Tech and product functions account for over 60% of advertised vacancies.
- Roles are posted across France, the US, Switzerland, the UK, and Singapore, plus remote.
- Compensation ranges from $45k–$150k for core engineering and security roles.
Employee Count Versus Revenue And Valuation
- Revenue rose to $70.9 million in 2024 from $36.7 million in 2023, nearly doubling year over year.
- The latest disclosed post-money valuation stands at about $1.3–1.5 billion from Series C rounds.
- With roughly 700 staff and $70.9 million in revenue, revenue per employee is about $100,000+ annually.
- Funding rounds raised roughly $575 million in total, supporting a lean team structure.
- Ledger has sold more than 6–8 million devices worldwide, backing a multi-million-user base with under 1,000 employees.
- Devices secure roughly 20% of global crypto assets, magnifying impact per employee.
- Revenue grew from $20.7 million in 2021 to $70.9 million in 2024, outpacing headcount expansion over the same period.
- Series C funding of $380 million at $1.5 billion valuation locked in unicorn status while headcount stayed below 1,000.
Frequently Asked Questions (FAQs)
How many offices does Ledger operate across its global workforce footprint?
Ledger operates in 8 global offices, which support its employee base.
How many employees does Ledger claim to have globally in 2025?
Ledger states it has over 700 employees across 8 offices, as of 2025.
What was the percent workforce reduction Ledger announced during industry headwinds?
Ledger announced a 12% reduction in its workforce amid market pressures in 2023.
Conclusion
Ledger reflects a balanced global workforce focused on innovation and security. The company resumed hiring in core roles, especially in engineering, compliance, and support. The headcount has remained steady, while revenue and product offerings have grown significantly. Ledger’s global presence, hybrid work flexibility, and strategic hiring indicate a resilient organization ready for continued leadership in digital asset security. As the industry evolves, Ledger’s team will remain central to its growth and ability to safeguard the crypto economy.
