Uphold Reduces Global Headcount by 17% Amid Enterprise Pivot
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8 Articles
Uphold Cuts 85 Jobs, 17% of Staff, in Pivot to Enterprise
Why Is Uphold Cutting Its Workforce? Crypto trading platform Uphold has reduced its global workforce by roughly 17% as it redirects staff and investment toward its enterprise services business. The restructuring affected 85 people, including permanent employees and contractors across several regions. Uphold said the decision followed weaker retail crypto trading activity during the recent market downturn rather than plans to close offices or wit…
The Uphold exchange platform has announced a lay-off plan covering 17% of its global workforce. A decision that adds to a wave of restructuring that has hit the crypto industry since the beginning of the year. The article The crisis continues: Uphold dismisses 17% of its wage bill appeared first on Cryptoast.
Uphold lays off 17% of global workforce
Cryptocurrency trading platform Uphold has laid off 17 per cent of its global workforce as the company shifts its focus towards expanding its enterprise business. The restructuring has affected 85 employees, including both permanent staff and contractors. In a statement, the New York City-based company said the decision is part of a broader strategy to invest more heavily in services for institutional clients. The move also comes as retail crypt…
Uphold Cuts Staff. The Money Now Goes to Its Bank-Facing Business
Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter.The company is redirecting spending toward its enterprise business after nearly doubling headcount during what CEO Simon McLoughlin called a period of "extraordinary growth."What Uphold Is Selling to PartnersFounded in 2015, Uphold operates a multi-asset platform covering cryptocurrencies, fiat c…
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