Tools for Humanity, the parent company of World (formerly Worldcoin), is laying off employees as part of a strategic realignment. The company, valued at $2.5 billion and backed by investors such as Andreessen Horowitz, Bain Capital, and Khosla Ventures, employs over 500 people. An internal email revealed that the layoffs are due to changes in company strategy and operational priorities, with more details expected at an all-hands meeting on Tuesday. The company, led by Sam Altman, has faced challenges in proving the revenue potential and regulatory compliance of its iris scanning device, Orb, despite having millions of registered users. The layoffs highlight ongoing difficulties in aligning its technological innovations with sustainable business models.