{"id":75582,"date":"2023-03-15T12:17:36","date_gmt":"2023-03-15T10:17:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75582"},"modified":"2025-09-10T12:28:15","modified_gmt":"2025-09-10T09:28:15","slug":"anchorage-digital-to-lay-off-one-fifth-of-staff-amid-restructuring","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/anchorage-digital-to-lay-off-one-fifth-of-staff-amid-restructuring\/","title":{"rendered":"Anchorage Digital to lay off one-fifth of staff amid restructuring."},"content":{"rendered":"<p>Anchorage Digital<a href=\\\"https:\/\/web.anchorage.com\/statement-focusing-for-future\\\"> said<\/a> it would cut 75 positions (20% of staff). In a regulated crypto bank, the decision was explained as necessary to adapt to changing economic, market and regulatory conditions.<\/p>\n<p>According to the statement, the altered operating landscape is characterized by increased regulatory uncertainty, macroeconomic problems and volatility in the crypto market.<\/p>\n<p>The restructuring will allow the company to focus on priority areas and meet growing demand for regulated solutions.<\/p>\n<p>The company stressed resilience and growth, noting a record-high level of client assets under custody.<\/p>\n<p>The crypto bank offers custody, staking, lending and trading of digital assets, as well as infrastructure solutions.<\/p>\n<p>The organization holds <a href=\"https:\/\/forklog.com\/en\/news\/anchorage-becomes-the-first-federally-chartered-digital-asset-bank-in-the-united-states\">a license from the Office of the Comptroller of the Currency<\/a> within the U.S. Treasury.<\/p>\n<p>In June 2022, Anchorage Digital<a href=\"https:\/\/forklog.com\/en\/news\/anchorage-to-launch-ethereum-staking-for-institutions\"> announced<\/a> the launch of Ethereum staking for institutional investors.<\/p>\n<p>In October, the crypto bank<a href=\"https:\/\/forklog.com\/en\/news\/apollo-global-launches-crypto-custody-services-for-clients\"> became a partner <\/a> with Apollo Global Management. Together they launched a service for storing cryptocurrencies.<\/p>\n<p>Earlier this year, Microsoft <a href=\"https:\/\/forklog.com\/en\/news\/microsoft-to-lay-off-10000-employees\"> fired<\/a> about 10,000 people. PayPal <a href=\"https:\/\/forklog.com\/en\/news\/paypal-to-lay-off-about-2000-employees-roughly-7-of-the-workforce\"> laid off<\/a> 2,000 employees, or about 7% of its staff.<\/p>\n<p>According to a CoinGecko report, in January 2,806 people <a href=\"https:\/\/forklog.com\/en\/news\/coingecko-counts-january-layoffs-in-the-crypto-industry\">lost their jobs<\/a> in the digital asset sector. 84% of layoffs were at crypto exchanges.<\/p>\n<p>Earlier, layoffs were reported by Coinbase<a href=\"https:\/\/forklog.com\/en\/news\/coinbase-to-lay-off-20-of-staff-in-third-round-of-layoffs\"><\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/consensys-reportedly-plans-to-lay-off-more-than-100-employees\"> ConsenSys<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/digital-currency-group-closes-hq-digital-unit\"> Genesis Trading<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/blockchain-com-to-cut-a-quarter-of-its-staff\"> Blockchain.com<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/gemini-lays-off-10-of-staff-amid-genesis-troubles\"> Gemini<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/dcg-backed-luno-to-cut-35-of-staff\"> Luno<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/media-reports-layoffs-at-matrixport-owned-by-ji-han-wu\"> Matrixport<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/chainalysis-to-lay-off-nearly-5-of-staff-amid-crypto-winter\"> Chainalysis<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-exchange-bittrex-to-cut-about-30-of-its-staff\"> Bittrex<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/messari-ceo-announces-15-staff-cut\"> Messari<\/a> and a number of other sector companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anchorage Digital said it would cut 75 positions (20% of staff). In a regulated crypto bank, the decision was explained as necessary to adapt to changing economic, market and regulatory conditions.<\/p>\n","protected":false},"author":1,"featured_media":75583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1991,83],"class_list":["post-75582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-anchorage","tag-business"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=75582"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75582\/revisions"}],"predecessor-version":[{"id":75584,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75582\/revisions\/75584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75583"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}