Digital asset trading platform Uphold cuts 17% of global headcount as crypto winter bites

60-second summary

Uphold, a digital asset trading platform, is cutting 17% of its global headcount in response to the ongoing crypto winter. The layoffs reflect a strategic shift toward its fast-growing enterprise business, which is expected to drive revenue growth. This move aims to streamline operations and focus on high-margin business segments, ensuring the company's long-term sustainability in a challenging market.