New York Digital Investment Group (NYDIG) laid off about 110 employees last month, accounting for one-third of its total workforce

2022-10-14 09:27:45

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ChainCatcher news, Bitcoin investment firm NYDIG notified affected employees of layoffs on September 22, with approximately 110 positions cut, accounting for about one-third of the company's total workforce. Sources indicate that employees were informed the company is seeking to reduce expenses and narrow its focus to more promising businesses.
It is reported that on October 3, New York Digital Investment Group NYDIG announced that its CEO Robert Gutmann and President Yan Zhao would be leaving, but would remain with NYDIG's parent company Stone Ridge Holdings. Tejas Shah and Nate Conrad will serve as the new CEO and President, respectively, both having previously held positions as the firm's Global Head of Finance and Global Head of Payments. (source link)

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