Foundry reduces its workforce by 27%, focusing on Bitcoin mining operations and restructuring under DCG.
Yuma, a decentralized AI startup, emerges as Foundry transfers 20 employees amid strategic realignment.
The biggest Bitcoin mining pool in the world, Foundry, has revealed a major personnel cut, which has generated different estimates on its scope and consequences. Confirmed by CEO Mike Colyer in an interview with Blockspace, the New York-based company dropped its personnel from 274 to 200, a 27% cut.
But according to Blockspace’s anonymous sources, up to 40–60% of Foundry’s employees may have been impacted by the layoffs and related corporate reconfiguration.
Foundry Restructures to Focus on Core Business Operations 
Colyer noted that staff members were individually informed prior to a team meeting when the issue was addressed; sixteen percent of the affected employees are based in the United States.
Foundry said that the layoffs were a calculated move to focus on its major

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