Bitwise Cuts 14% of Its Workforce While CEO Predicts Future Growth
Bitwise Asset Management now employs around 155 people after cutting about 14% of its workforce amid a crypto market downturn.
The reduction takes the San Francisco firm down from a headcount of nearly 180.
Bitwise Trims Workforce to 155 as Crypto Market Weakens
According to Bloomberg, Chief Executive Hunter Horsley said that even after the cuts, the workforce remains at a high level for Bitwise's eight years in business.
Horsley framed the move around future growth rather than retreat. He said Bitwise expects expansion to continue as crypto becomes more woven into the global economy.
That optimism echoes recent comments from Bitwise Chief Investment Officer Matt Hougan. He argued that Bitcoin's (BTC) muted response to bad news may signal the bear market is near its floor.
Follow us on X to get the latest news as it happens
A Year of Crypto Job Cuts
The reductions fit a pattern that ran through the industry across 2026. Firms trimmed staff as market conditions weakened, and many even leaned harder into artificial intelligence (AI).
โฆ Continue reading the full article at the original source below.
