Summary
- Crypto trading platform Uphold announced it has cut about 17% of its workforce.
- The restructuring was a response to the crypto market slump and weaker trading activity among retail investors.
- Uphold said the restructuring is part of a strategy to sharpen its focus on business-to-business services.
Crypto trading platform Uphold said it has cut about 17% of its workforce.
CoinDesk reported on July 27 that the restructuring is part of a strategy to sharpen the company's focus on business-to-business services as the recent slump in the crypto market has damped trading activity among retail investors.
The layoffs affect 85 employees, including full-time staff and contractors.
#Restructuring
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