India's layoff Saga Continues As CoinSwitch Slashes Headcount
The exchange was backed by prominent investors, including Sequoia Capital India
ClementThe exchange was backed by prominent investors, including Sequoia Capital India
ClementThe cryptocurrency industry's workforce has surged by 160% since 2019, with most employees in small to medium firms.
BeincryptoCircle laid off some employees this week to strengthen its balance sheet.
TheBlockThe “market headwinds” in the cryptocurrency sector prompted Messari to lay off 15% of its team.
cryptopotatoMatrixport has confirmed with Decrypt that it is making reductions in its marketing department, impacting 10% of its nearly 300-person workforce.
decryptYet another crypto firm is forced to lay off workers to cope with the bear market.
cryptopotatoThe company adapts strict cost-cutting to return to profitability in 2023.
BeincryptoCEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months.
CoindeskAustralian crypto exchange Swyftx highlighted inflation, a recession, and the bear market as the reasons behind the unfortunate lay-offs.
Cointelegraph“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange.
Cointelegraph