Crypto ETP provider 21shares has implemented staff reductions, impacting long-standing sales and marketing roles. The company cited a need to align its structure with strategic priorities as the reason for the layoffs. While the exact number of affected employees was not disclosed, a spokesperson confirmed the company is committed to supporting those impacted. This move occurs as the broader cryptocurrency market downturn continues to pressure ETP providers. 21shares stated it is still hiring in areas aligned with its long-term strategy.
https://www.etfstream.com/articles/21shares-makes-layoffs-as-crypto-downturn-strains-etp-providers