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Philip Hammond’s crypto firm Copper ‘quietly’ slashed jobs in winter cost cutting drive

Laid-off workers report cancelled Christmas trips and abrupt departures at firm where ex-chancellor is now chair

Lord Hammond has been a firm advocate for digital assets since leaving office
Lord Hammond has been a firm advocate for digital assets since leaving office Photo: Getty Images

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Lord Philip Hammond’s crypto firm Copper has been scrambling to cut costs over the winter months by laying off workers and cancelling team trips abroad, as former employees tell Financial News of an abrupt dismissals process.

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