Uphold Lays Off 17% of Staff, Pivots to Enterprise Business Amid Crypto Downturn

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Crypto trading platform Uphold has announced a reduction of 17% of its global workforce. The company attributed the decision to a strategic shift in its business direction. Uphold stated it is moving focus toward its enterprise segment, which has been experiencing rapid growth. The layoffs come as the broader cryptocurrency market continues to face a prolonged downturn, commonly referred to as a crypto winter.

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