2/14/2023 0 Comments Fortune favors the brave cro![]() “We announced reductions in June, and since that time we have optimized our workforce to align with current external economic headwinds,” a spokesperson told Decrypt. While June job cuts primarily centered on customer service and growth roles, the latest round of job cuts is said to be more critical roles like the company’s exchange, app and wallet. ![]() “The business is cutting down to bare minimum to survive the likely long bear market -internal initiatives are about trying to save every penny.” “Leadership expressed they had no intention of going public, top management is unlikely to do an announcement.”Ī percent of employees or number could not be identified by sources, but was said to be “much bigger than the first one.” Decrypt confirmed the layoffs with several other sources.Ī source told the crypto media outlet that additional layoffs were communicated at an “all hands” quarterly call last Friday.Ĭ may not publicly announce the job cuts, according to the report. The source has been named as an anonymous managerial employee of. ![]() previously told employees that the 5% job cuts in June would be the last. The report said the current layoffs are being kept quiet, but will be “much bigger” than the 5% reduction in June. What Happened: After laying off 5% of its workforce in June, is now planning another round of job cuts, according to a report from Decrypt. Cryptocurrency exchange is laying off more employees during the current crypto bear market. ![]()
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