Bitwise Trims Workforce by 14% Amid Market Downturn

Bitwise Asset Management reduces staff by 14%, dropping headcount from 180 to 155. CEO maintains this remains the firm's largest workforce in eight years.

Woofun AI reports that Bitwise Asset Management Inc. has reduced its employee base by approximately 14%, adjusting headcount from roughly 180 to 155. The San Francisco-based firm confirmed the reduction in an email to Bloomberg, citing recent declines in digital asset prices as context. CEO Hunter Horsley stated that despite the cuts, the current team size represents the highest number of employees in the company's eight-year history.