Novogratz's Galaxy Digital May Cut Jobs

Galaxy Digital, led by Michael Novogratz, may reduce its workforce by 20% due to macroeconomic challenges. The crypto industry has seen similar layoffs from companies like Coinbase and Blockfi, largely due to the fallout from Three Arrows Capital and exposure to Duquan's projects. Galaxy Digital's future plans and financial health will be clearer after their upcoming earnings report.

What percentage of its workforce is Galaxy Digital considering cutting?

• 25%

• 20%

• 15%

• 10%

Which companies have also announced job reductions in the crypto space?

• Ethereum, Bitcoin, Litecoin

• Tether, Cardano, Polkadot

• Coinbase, Genesis, Blockfi

• Binance, Kraken, Ripple

What event is largely connected to the recent layoffs in the crypto industry?

• Ripple Lawsuit

• Ethereum Merge

• Three Arrows Capital Collapse

• Bitcoin Halving

What mistake did Galaxy Digital make that significantly affected the company?

• Investing in Bitcoin

• Exposure to Duquan and Terra

• Hiring too many employees

• Ignoring market trends

What is Galaxy Digital's current status before its earnings report?

• Launching a new product

• Expanding operations

• Announcing new hires

• In a quiet period