{"id":73183,"date":"2023-01-27T16:42:48","date_gmt":"2023-01-27T14:42:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73183"},"modified":"2025-09-09T12:42:18","modified_gmt":"2025-09-09T09:42:18","slug":"media-reports-layoffs-at-matrixport-owned-by-ji-han-wu","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-reports-layoffs-at-matrixport-owned-by-ji-han-wu\/","title":{"rendered":"Media reports layoffs at Matrixport owned by Ji Han Wu"},"content":{"rendered":"<p>Matrixport, the crypto-lending platform owned by Ji Han Wu, will lay off 10% of its staff. This was reported by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-27\/billionaire-wu-s-matrix-asset-management-loses-top-executives?leadSource=uverify%20wall\">Bloomberg<\/a>.<\/p>\n<p><span data-descr=\"Chief Operating Officer\" class=\"old_tooltip\">COO<\/span> Matrixport Cynthia Wu said the company will continue hiring specialists in regulatory compliance and product development.<\/p>\n<p>According to sources cited by the agency, the current wave of layoffs has predominantly affected the firm&#8217;s marketing department.<\/p>\n<p>Journalists also learned of Damien Loh&#8217;s departure from the CEO role and Zi Wong&#8217;s departure from the head of business development and investor relations at Matrix Asset Management.<\/p>\n<p>The COO of the digital-asset manager Yu Yi-Wun said there would be top-management reshuffles in anticipation of regulators reviewing the firm&#8217;s activities.<\/p>\n<p>Since the start of 2023, reports of layoffs have surfaced at <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-to-lay-off-20-of-staff-in-third-round-of-layoffs\">Coinbase<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/consensys-reportedly-plans-to-lay-off-more-than-100-employees\">ConsenSys<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/digital-currency-group-closes-hq-digital-unit\">Genesis Trading<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/blockchain-com-to-cut-a-quarter-of-its-staff\">Blockchain.com<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-lays-off-10-of-staff-amid-genesis-troubles\">Gemini<\/a>, and <a href=\"https:\/\/u1f987.com\/en\/news\/dcg-backed-luno-to-cut-35-of-staff\">Luno<\/a>.<\/p>\n<p>Earlier, in November 2022, Bloomberg reported that Matrixport <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-reports-matrixport-plans-to-raise-100-million\">to raise $100 million<\/a> financing at a $1.5 billion valuation.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matrixport, the crypto-lending platform owned by Ji Han Wu, will lay off 10% of its staff. Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,227,989],"class_list":["post-73183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-jihan-wu","tag-matrixport"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73183"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73183\/revisions"}],"predecessor-version":[{"id":73184,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73183\/revisions\/73184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}