Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning off its self-mining business.
Foundry, the world’s largest Bitcoin (BTC) mining pool, has laid off 27% of its staff amid a planned restructuring, a person familiar with the matter told Cointelegraph on Dec. 3.
The layoffs include 16% of Foundry’s United States-based workforce and a portion of its team in India as well, the person said.
Foundry’s parent company, Digital Currency Group (DCG), tipped plans to spin out Foundry’s self-mining business into a separate entity, still controlled by DCG, according to a November shareholder letter shared with Cointelegraph.
