Anchorage Digital lays off about 17% of staff as sector-wide cost pressures bite
Anchorage Digital reduced staff by about 17%, a move that was reported in early October and described as affecting roughly 68 employees if the company’s headcount was still near 400. The company’s chief executive told employees about the cuts, and one report said Anchorage has not publicly commented on the reduction. Separate coverage also tied the layoffs to a year-long crypto market slump and to prolonged weakness and volatility in the sector’s financial environment.
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People inside Anchorage are the ones who notice this first, because the company has already told employees about the layoffs. For staff, the immediate effect is a smaller workforce at a firm that one report described as the first federally chartered US digital asset bank.
In practice, the company has moved from growing its institutional presence to reducing staff at the same time. That means the expansion into stablecoin issuance and the earlier Tether investment remain in place, even though the workforce was cut.
What remains unclear is whether the reported 17% figure reflects a permanent headcount level or an earlier internal adjustment. One report says Anchorage has not publicly commented, so the missing piece is a direct public explanation from the company itself.
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