Bitwise cuts 14% of staff while still expecting growth

CryptoInfo Editorial Team · Published on August 12, 2026 at 18:01 · Updated on August 12, 2026 · 1 min read

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Key Takeaways

→Bitwise has cut 14% of its staff
→Other crypto companies like Coinbase and Robinhood have also announced workforce reductions this year
→The staff cuts are attributed to reasons including market forces and a shift to AI

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Bitwise has announced a reduction in its workforce, cutting 14% of its staff. This move is part of a trend seen in the crypto industry this year, with companies such as Coinbase, BitGo, Robinhood, Polygon, and Pump.fun also announcing workforce reductions.

According to reports from CoinTelegraph, these companies have cited various reasons for the staff cuts, including the shift to AI and market forces. Despite the reduction, Bitwise still expects to see growth.

Source: CoinTelegraph ↗

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