Bitwise has laid off about 14%, reducing its workforce to 155 people

According to Bloomberg, amid the recent downturn in digital asset prices, cryptocurrency asset management company Bitwise Asset Management Inc. has cut approximately 14% of its staff.

It is reported that the San Francisco-based Bitwise confirmed in an email statement sent to Bloomberg that its workforce has been reduced from about 180 people to around 155.

CEO Hunter Horsley stated that even after the layoffs, Bitwise's workforce remains the largest in its eight-year history.