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Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show

Prime Trust has notified its employees that it may lay off 62 people within the next two months, just weeks after the company made deep cuts to its workforce, according to Nevada's Department of Employment, Training & Rehabilitation. The crypto custody firm, which filed for bankruptcy in August, disclosed on Sept. 14 the possible layoffs to the DETR, a document from the agency shows. A month earlier, CoinDesk reported, citing people familiar with the matter, that massive layoffs loomed. It is unclear what percentage of the company's workforce the 62 workers account for as the company's current headcount is unknown.

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