Venture Capital agency Digital Currency Group (DCG) has promoted Mark Murphy to president from the chief working officer as a part of a restructuring.
According to Bloomberg report, within the restructuring, a number of group members have been laid off by DCG, and now 66 workers left following the reorganization.
Notices to these 10 workers impacted by the reshuffling on the Stamford, Connecticut-based agency, which controls asset-manager Grayscale Investments and brokerage Genesis, amongst others, went out final week.
Following the restructuring, the DCG group is now going with Murphy as DCG’s first president, Jenn Goodson as a chief administrative officer, Simon Koster as chief technique officer, and Matt Kummell as senior vp of operations. Amanda Cowie is now overseeing communications, advertising and occasions.
According to a spokesperson, “We recently made a series of internal changes to position DCG for its next phase of growth, including a streamlining of our departments alongside several promotions on our leadership team”.
Previously in August, because of the 3AC chapter, DCG owned Genesis buying and selling needed to slash its workforce by 20%.
Compiled by Coinbold