Crypto Trading Firm NYDIG Lays Off About 33% of Staff

The firm has cut approximately 30% of staff in the past several weeks, according to three people familiar with the matter. The layoffs had been going on for "several weeks," one source added. The Wall Street Journal first reported the layoffs late Thursday, putting the figure at 110 employees. Employees were told the company was looking to cut expenses and narrow its focus to more promising businesses, according to the report.