India's layoff Saga Continues As CoinSwitch Slashes Headcount
The exchange was backed by prominent investors, including Sequoia Capital India

The exchange was backed by prominent investors, including Sequoia Capital India
Waves after waves of layoffs seem to impede countless companies since the last quarter of 2022 and shows no sign of slowing down. And the latest casualty to join the chopping board? Binance.
The report claims that the tech giant could fire thousands of workers as soon as this week.
The job cuts were spread across at least 12 companies over the course of the 28-day period, according to data compiled by Cointelegraph based on publicly reported layoffs.
The “market headwinds” in the cryptocurrency sector prompted Messari to lay off 15% of its team.
Layoffs continue en masse as the crypto market reels under immense bearish pressure.
The news has triggered a mass withdrawal of over $74 million in the past 24 hours.
The crypto trading firm has been battling rumours that it is in financial straits after the FTX crash, saying it’s business as usual.
BlockFi is the latest crypto firm to file for bankruptcy following the collapse of Sam Bankman-Fried's crypto empire.
With multiple major players in the crypto universe cutting down or planning to cut down manpower, is the future bleak or will there be light at the end of the tunnel?