Bitwise Asset Management cuts about 14% of its workforce, according to reports from The Block and Bloomberg. The company reduces its global team to roughly 155 employees, with the cuts carried out “last week,” as described by The Block.
The layoffs come as the broader crypto industry faces pressure during a prolonged downturn in digital-asset prices. Bloomberg frames the decision as part of wider job reductions affecting the sector, noting that Bitwise’s move follows the sustained slump. While both outlets agree on the size of the cut and the market context, they present the information with slightly different emphasis: The Block focuses on the staffing level reached after the reduction, while Bloomberg emphasizes the overall industry strain and the continued slide in crypto markets.
