Key facts
- Bitwise Asset Management reduced its workforce by approximately 14%.
- About 25 employees were laid off.
- The firm's headcount is now around 155.
- CEO Hunter Horsley stated the remaining staff is the largest in the firm's eight-year history.
- The company anticipates continued growth.
Bitwise Asset Management has implemented a workforce reduction, cutting approximately 14% of its staff. This amounts to about 25 employees losing their jobs. Following these layoffs, the company's headcount is now around 155 individuals. CEO Hunter Horsley communicated that the current staff size represents the largest in the firm's eight-year history. He also indicated that the company anticipates continued growth, suggesting a long-term positive outlook despite the current challenges in the cryptocurrency market.