The Bitcoin (BTC-USD) trading and banking company, NYDIG, fired about 110 employees last month, shrinking the workforce by 33%, according to a late-Thursday post by the Wall Street Journal. The move was made in an attempt to streamline the business focus into more profitable areas, and also cut expenses amid inflationary pressures. The downsizing decision was announced to employees on September 22, less than two weeks before NYDIG announced major top-suite overhauls. Earlier this month, NYDIG announced that its CEO, Robert Gutmann, was replaced by the former head of institutional finance, Tejas Shah.
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