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Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public

Chia fired 26 of its 70 employees as it continues its pitch to the U.S. Securities and Exchange Commission on going public and is weighing first-ever sales of some of its tokens.

By Jesse Hamilton|Edited by Nikhilesh De

Updated Oct 2, 2023, 2:10 p.m. Published Oct 2, 2023, 1:20 p.m.

Chia is laying off a third of its workers as its plans to go public have been delayed. (Getty Images)