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Bitwise Slashes 14% of Staff Amid Crypto Prices Downturn
Bitwise has reportedly cut 14% of its staff amid an ongoing downturn in cryptocurrency prices. The San Francisco digital assets company reduced its workforce from around 180 to roughly 155, Bloomberg News reported Tuesday (Aug. 12), citing an email from Bitwise. Even with these layoffs, Bitwise’s staffing levels are at their highest point to date, CEO Hunter Horsley told Bloomberg,…