Chaparro reports, “The company, which was founded in 2013, announced the layoffs internally on Monday, according to a memo reviewed by The Block. The firm is having an all-hands meeting at 4:00pm ET to discuss the layoffs.
“‘The purpose of the meeting is to inform everyone that today several roles, predominantly in our media team, were impacted by a reduction in force,’ the message, penned by CoinDesk CEO Kevin Worth, reads. ‘This is an incredibly difficult message to send to everyone over email and yet I also wanted everyone at CoinDesk to know as soon as possible what is happening today.’
“‘This was a required step to ensure a financially sound business moving forward and to set us on the path to close the deal to sell CoinDesk Inc,’ he added.”
Read more here.
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