CoinDesk Lays off 45% of Editorial Staff Amid Restructuring

• CoinDesk, a digital currency publication owned by Digital Currency Group, is restructuring and seeking strategic investors.
• As part of the restructuring, 45% of the editorial staff (20 individuals) will be laid off.
• The move is aimed at ensuring a „financially sound business moving forward“ according to CoinDesk CEO Kevin Worth.

CoinDesk Restructuring & Layoffs

Digital Currency Group’s legacy crypto publication CoinDesk is downsizing amid rumors of restructuring and new investors. As part of this restructuring, 45% of its editorial team (20 individuals) will be laid off in an effort to ensure a „financially sound business moving forward,“ according the company’s CEO Kevin Worth.

Reasons for Restructuring

The layoffs were announced internally on Monday as part of DCG’s plans to bring on strategic investors. This move represents a 16% reduction in the workforce for CoinDesk overall.

Effects on Workforce

The job losses are likely to have an impact on how CoinDesk covers news related to cryptocurrencies and other digital assets going forward since it will now have fewer resources devoted to content creation and journalism.

Outlook for Future

It remains unclear what effect the layoffs will have on CoinDesk’s ability to report accurately and fairly on developments in crypto markets going forward, but it could be a sign that major changes are ahead for the outlet and its parent company DCG.


At present, there is no official word yet from either Coin Desk or Digital Currency Group regarding how these changes may affect their operations going forward, but it is clear that they are making big moves in order to remain competitive within the industry and maintain a financially secure future.

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