💼📉🔪 Uphold Axes 17% of Staff as Crypto Winter Bites!

🔹 85 employees cut globally — CEO cites "recalibration" after doubling headcount 👥✂️
🔹 Strategic shift to enterprise business as retail trading collapses — banks/fintechs still growing 🏦📈
🔹 Crypto market cap fell to $2.1T in Q2 — 3 consecutive quarters of painful declines 📊💀
🔹 Bitcoin ETFs bled $6.9B in May-June — weak retail participation + rate fears crushing volumes 🩸📉

From growth to survival mode — even the strong ones cutting fat to weather this nuclear winter ❄️💀

#Layoffs #CryptoWinter #Uphold
@money