Layoffs: Sam Altman-Backed Startup Tools for Humanity Announces Job Cuts as OpenAI Confidentially Files for IPO

Tools for Humanity, the iris-scanning startup co-founded by Sam Altman, has initiated layoffs to streamline operations and address revenue struggles. The move follows a period of regulatory friction and slow commercial adoption. Concurrently, Altman’s flagship company, OpenAI, has confidentially filed for an IPO, targeting a potential valuation of up to USD 1 trillion.