“The leadership has expressed that they have no intention of going public, top management is unlikely to make an announcement.”Ī percentage of the staff, or number, could not be identified by sources but was said to be “much larger than the first”.
Decrypt confirmed the layoffs with several other sources.Ī source told the crypto media outlet that additional layoffs were announced at a quarterly all-hands call last Friday.Ĭ may not be allowed to publicly announce the job cuts, according to the report. The source has been named as an anonymous executive. previously told employees the 5% job cuts in June would be the last. The report says the current layoffs will be kept secret but will be “much bigger” than the 5 percent cut 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 by Decrypt. Here’s the latest and what’s coming next. Exchange of cryptocurrencies lays off more employees during current crypto bear market.
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