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Silvergate Capital Discloses Massive Fourth-Quarter Withdrawals, Cuts Workforce by 40%

Silvergate Capital announced it will cut 40% of its workforce — about 200 employees — “in order to account for the economic realities facing the business and industry today”.
Silvergate Capital Discloses Massive Fourth-Quarter Withdrawals, Cuts Workforce by 40%
Silvergate
Based in La Jolla, California, Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry.