[etblg]

And strangely it doesn't appear to be the Crypto side that's getting cut:

> The changing conditions mean the company will now focus more heavily on core businesses, like investing and banking, and products he believes will power financial innovation, like those within the crypto industry.

Instead it's a few products they seem to be dumping, and cutting off parts of business teams:

> Wealthsimple will reduce its investment in other areas like peer-to-peer payments, tax, and merchant services and restructuring teams dedicated to recruiting, marketing, client success and research, Katchen added.

[gotorazor]

so they are dumping the part of the company that people actually like, is unique, and distinct in the Canadian market, for the part of the company that probably lost a lot of money, nobody wants, and have tons of competitors/alternatives.