Cryptician

Crypto Trading Firm NYDIG Lays Off About 33% of Staff

crypto-trading-firm-nydig-lays-off-about-33%-of-staff

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Bitcoin services company NYDIG has laid off around 100 people, according to four people familiar with the matter.

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.

“It’s like a trading desk mentality where nobody talks to anyone,” a former NYDIG employee told CoinDesk. “You can disappear and nobody will know for months.”

A spokesperson for NYDIG declined to comment.


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Tracy is a deputy managing editor at CoinDesk. She owns BTC, ETH, MINA, ENS, various stablecoins, and some NFTs.

Eliza Gkritsi is CoinDesk’s crypto mining reporter based in Asia.

Danny is CoinDesk’s deputy business editor. He owns BTC, ETH and SOL.

Tracy is a deputy managing editor at CoinDesk. She owns BTC, ETH, MINA, ENS, various stablecoins, and some NFTs.

Eliza Gkritsi is CoinDesk’s crypto mining reporter based in Asia.

Danny is CoinDesk’s deputy business editor. He owns BTC, ETH and SOL.

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