Uphold Cuts 17% of Workforce, 85 Employees Laid Off Amid Retail Trading Slump

According to CoinDesk, Uphold announced the layoff of approximately 17% of its global workforce, affecting 85 employees including full-time staff and contractors across multiple regions. CEO Simon McLoughlin stated the restructuring is part of a strategic shift to redirect resources toward the company's rapidly growing enterprise business amid persistent weakness in retail crypto trading activity.
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