Mining company Foundry will lay off 60% of its employees, affecting staff in the U.S. and international offices
ChainCatcher news, according to CoinGape, Bitcoin mining company Foundry has implemented layoffs, with the number of layoffs reaching up to 60%. According to anonymous sources, the layoffs affect employees in both the U.S. and international offices. The company had 250 employees and now only has 80 to 90 left.
Foundry is a subsidiary of Digital Currency Group (DCG), which stated that the layoffs are aimed at helping to focus on DCG's next steps.
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