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

Foundry is a subsidiary of Digital Currency Group (DCG), which stated that the layoffs were implemented to help focus on DCG's next steps.