{
  "id": 11507655,
  "title": "$4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report",
  "url": "https://urgent.news/2026/10/02/4-2b-crypto-bank-anchorage-digital-cuts-17-of-workforce-report",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T18:41:17.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/anchorage-digital-cuts-workforce-report"
  },
  "original_language": "en",
  "account": "Anchorage Digital, a $4.2 billion crypto bank, has reduced its workforce by 17%, according to a report from The Information. The cuts, which would result in roughly 68 job losses, came amid a protracted market downturn in the crypto sector. CEO Nathan McCauley informed employees of the reductions this week. The company, valued at $4.2 billion earlier this year, has been expanding its institutional presence, including stablecoin issuance and a $100 million investment from Tether. Anchorage Digital, a federally chartered U.S. digital asset bank, had around 400 employees globally as of February. The workforce reduction is seen as a response to the ongoing challenges faced by the crypto markets.",
  "summary": "The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}