Bitwise cuts 14% of staff while still expecting growth
60-second summary
Bitwise is cutting 14% of its staff, joining a string of crypto companies including Coinbase, BitGo, Robinhood, Polygon, and Pump.fun, who have announced workforce reductions this year, driven by shifting market forces and the need to adapt to emerging technologies like AI, as the industry navigates a period of consolidation and growth.
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.