Bitwise has cut its workforce by about 14%, down to 155

Comparatively, according to Bloomberg, the crypto asset management company Bitwise Asset Management Inc. has cut about 14% of its employees against the backdrop of the recent downturn in digital asset prices.

According to reports, the San Francisco-based Bitwise confirmed in an email statement sent to Bloomberg that its workforce has been reduced from around 180 to around 155.

CEO Hunter Horsley said that even after the layoffs, Bitwise still had the largest workforce in its eight-year history.