More layoffs…Crypto company “Bitpanda” lays off 730 employees…Details here
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer More layoffs…Crypto company “Bitpanda” lays off 730 employees…Details here
Vienna-based cryptocurrency exchange Bitpanda has fired 730 employees due to unfavorable market conditions, according to to announce Official from the company released yesterday, Friday.
The trading platform, backed by Peter Thiel, told PayPal co-founder that a difficult decision had been made in order for the company to remain in a sound financial position.
Last August, Bitpanda reached a valuation of more than $4 billion after it raised $260 million during its Series C funding round.
Funding allowed the company to expand its number of employees.
Bitpanda isn’t the only crypto company to announce mass layoffs over the past few weeks.
According to what we reported in Bitcoin Arab, Coinbase, the largest cryptocurrency trading platform in the United States, has fired 18% of its employees in an unexpected and shocking move.
Read:Solana Blockchain Records 1 Million Transactions Weekly…Details Here
BlockFi, Gemini, and Bitso are also among the notable crypto companies that have recently started laying off their employees due to tough market conditions.
Read:The start of the recovery of the crypto market and the recovery of $ 300 billion, and the eyes of Bitcoin at the level of 50 thousand dollars
Meanwhile, FTX, Ripple, OpenSea, and some other crypto companies have bucked the trend by expanding their headcount.
Read also:
Report: Crypto-lending platform Celsius faces bankruptcy
Bitcoin miners sell over 18,000 bitcoins in 10 days…Details here
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time