Bitwise Asset Management now employs around 155 people after cutting about 14% of its workforce amid a crypto market downturn.

The reduction takes the San Francisco firm down from a headcount of nearly 180.  

Bitwise Trims Workforce to 155 as Crypto Market Weakens

According to Bloomberg, Chief Executive Hunter Horsley said that even after the cuts, the workforce remains at a high level for Bitwise’s eight years in business.

Horsley framed the move around future growth rather than retreat. He said Bitwise expects expansion to continue as crypto becomes more woven into the global economy.

That optimism echoes recent comments from Bitwise Chief Investment…