New York Digital Investment Group (NYDIG), a crypto trading and banking organization, has been laying off employees—up to one-third of its workforce as the bear market intensifies. Employees were informed that the company was “trying to slash expenses and concentrate its emphasis on more-promising industries,” according to a WSJ report from October 13. NYDIG Lays Off One-Third of Staff The study also stated that since September, 110 people have been affected by job cuts. The company disclosed replacing its top two executives a fortnight before the layoffs. On October 3, NYDIG announced that President Yan Zhao and Chief Executive Officer The post Crypto Broker NYDIG Lays Off One-Third of Staff to Narrow Focus appeared first on Cryptoknowmics-Crypto News and Media Platform.
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