Mining company Foundry will lay off 60% of its employees, affecting staff in the U.S. and international offices

according to CoinGape, Bitcoin mining company Foundry has implemented layoffs, with the number of layoffs reaching up to 60%. According to anonymous sources, the layoffs affect employees in both the U.S. and international offices. The company had 250 employees and now only has 80 to 90 left.

Foundry is a subsidiary of Digital Currency Group (DCG), which stated that the layoffs are aimed at helping to focus on DCG's next steps.