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Foundry has reduced its workforce by 27%, cutting staff from 274 to 200 as part of a strategic realignment to focus on Bitcoin mining operations under Digital Currency Group (DCG). Amid these layoffs, approximately 20 employees were transferred to Yuma, a new decentralized AI startup. The restructuring aims to streamline processes and enhance revenue sources while maintaining its hardware repair line.
Mike Colyer
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
foundry cuts workforce by 27 percent to focus on bitcoin mining operations
09:00 10.01.2025
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