CoinDesk to lay off part of editorial staff in preparation for sale of stake: Report By Cointelegraph

CoinDesk is reportedly planning layoffs in its editorial department ahead of the sale of a stake in the publication to investors, according to media reports.

TechCrunch wrote that CoinDesk CEO Kevin Worth sent an internal email warning that “several roles, predominantly in our media team, were impacted by a reduction in force.” Other sources estimated the staff reduction at 16% or 45%. A 45% cut would represent about 20 people, according to reports.