Uphold slashed 17% of its global workforce as the crypto winter weighs on retail trading, shifting resources toward its rapidly expanding enterprise business

Eighty-five hands off the deck — and at 17% of headcount, Uphold be sailing into a B2B arena already claimed by Fireblocks and BitGo, who spent years building custodial redundancy, compliance infrastructure, and the institutional relationships that enterprise crypto actually runs on. Retail gave Uphold cross-asset rails and name recognition; neither of those be what yer counterparty's risk committee checks first. Enterprise be the smarter heading right now — that me'll grant. Whether 17% lighter is how ye fund that build, or just how ye drift toward it, be the thing nobody in this press release wanted to answer. 🦑

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