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Crypto's Layoff List Grows as Anchorage Digital Reportedly Trims 17% of Its Workforce

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Crypto's Layoff List Grows as Anchorage Digital Reportedly Trims 17% of Its Workforce

Anchorage Digital, the first federally chartered US digital asset bank, has reportedly laid off 17% of its staff. Chief Executive Nathan McCauley told employees about the cuts this week, according to The Information. The report cited people familiar with the matter and tied the layoffs to a year-long crypto market slump. Anchorage has not publicly The post Crypto's Layoff List Grows as Anchorage Digital Reportedly Trims 17% of Its Workforce appeared first on BeInCrypto.

Key Takeaways

  1. Anchorage Digital, the first federally chartered US digital asset bank, has reportedly laid off 17% of its staff.
  2. Chief Executive Nathan McCauley told employees about the cuts this week, according to The Information.
  3. The report cited people familiar with the matter and tied the layoffs to a year-long crypto market slump.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.