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