Digital asset trading platform Uphold cuts 17% of global headcount as crypto winter bites
The crypto trading platform said the layoffs reflect a strategic shift toward its fast-growing enterprise business.
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Summary
- Uphold has cut 17% of its global workforce as it shifts resources toward its rapidly growing enterprise business.
- The company said it is not closing any offices and will continue serving U.K., European and enterprise customers as normal.
- Weaker retail crypto activity accelerated the move, while demand from banks, fintechs and broker-dealers continues to grow.
