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Bitwise cuts 14% of staff as crypto layoffs mount during market downturn
The Block·August 12, 2026·1 min read
Bitwise CEO Hunter Horsley told The Block that the crypto asset manager cut 14% of its staff, reducing its global team to around 155 last week. The layoffs come amid a broader market downturn affecting the crypto industry. Bitwise joins other firms in reducing headcount as conditions remain challenging.
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