Led by former Fortress Investment Group trader Michael Novogratz, the firm has struggled to turn a profit since its founding. CoinDesk reported the cuts were part of “standard year-end activity.”
13 people were laid off as part of the cuts, leaving a staff of around 80. Publicly listed, the company’s stock is up 27% since the beginning of the year — lagging behind the performance of the spot cryptocurrency market.
The company’s operations spans trading, asset management, and advisory businesses.
Galaxy Digital shaves 15% of global staff – report written by Frank Chaparro @ https://www.theblockcrypto.com/linked/56024/galaxy-digital-shaves-15-of-global-staff-report?utm_source=rss&utm_medium=rss February 14, 2020 Frank Chaparro