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Public Bitcoin miner MARA Holdings announced a reduction of approximately 15% of its employees as part of a strategic business transformation. The decision affected staff across various departments, including contractors, and was carried out in waves over several days. This was reported by Blockspace. According to sources, "these layoffs are deep," and in some cases, entire teams may have been eliminated. In an internal message, CEO Fred Thiel stated: "This is not just a financial decision — it’s strategic. As we have already announced in our recent updates with Starwood and Exaion, we are focusing the company in a new direction. This means our team structure must change along with it."