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According to CoinDesk, Galaxy Digital (GLXY), the crypto-focused financial services firm run by Michael Novogratz, plans to cut at least 20% of its global workforce, according to four people familiar with the matter.<br />"While our industry continues to face macroeconomic headwinds, Galaxy remains focused on building for the future state of institutional adoption, and on enhancing long-term shareholder value. We are always considering optimal team structure and strategy and will share future plans when finalized," a Galaxy spokesman told CoinDesk via email.<br />The crypto winter has cast a shadow over the industry, forcing some of the biggest actors in the digital assets sector to curb their growth ambitions. CoinDesk estimates that around 11,700 crypto jobs had been lost as of Oct. 14, 2022, based on media reports and press releases. Firms that have made significant job cuts include Coinbase (COIN), Gemini, NYDIG and Crypto.com.

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【Crypto finance firm Galaxy Digital to cut one-fifth of workforce】According to CoinDesk, Galaxy Digital (GLXY), the crypto-focused financial services firm run by Michael Novogratz, plans to cut at least 20% of its global workforce, according to four people familiar with the matter.
"While our industry continues to face macroeconomic headwinds, Galaxy remains focused on building for the future state of institutional adoption, and on enhancing long-term shareholder value. We are always considering optimal team structure and strategy and will share future plans when finalized," a Galaxy spokesman told CoinDesk via email.
The crypto winter has cast a shadow over the industry, forcing some of the biggest actors in the digital assets sector to curb their growth ambitions. CoinDesk estimates that around 11,700 crypto jobs had been lost as of Oct. 14, 2022, based on media reports and press releases. Firms that have made significant job cuts include Coinbase (COIN), Gemini, NYDIG and Crypto.com.

Crypto finance firm Galaxy Digital to cut one-fifth of workforce

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