Question 1

How many employees did Bitwise lay off?

Accepted Answer

Bitwise cut 14% of its global team last week, reducing its headcount to around 155 employees.

Question 2

Why did Bitwise cut staff?

Accepted Answer

The layoffs came amid a prolonged crypto market downturn; net assets in the firm's Bitwise 10 Crypto Index Fund (BITW) fell 31% over the first seven months of 2026, though CEO Hunter Horsley said the move still positions the company for growth.

Question 3

Which other crypto firms have laid off workers in 2026?

Accepted Answer

Coinbase cut about 700 jobs (roughly 14%) in May, BitGo reduced its staff by 15% in June, and Polygon Labs announced a second round of layoffs this year.

BITW

Bitwise cuts 14% of staff six months after buying Chorus One’s 50 engineers

One sharp brief.
Every day.

BITW

Bitwise cuts 14% of staff six months after buying Chorus One’s 50 engineers

One sharp brief.Every day.

One sharp brief.
Every day.