Technology

Blockchain.com lays off 25% of its workforce amid crypto market downturn

Blockchain.com lays off 25% of its workforce amid crypto market downturn

The cryptocurrency exchange Blockchain.com Inc. is laying off 25% of its staff, citing poor market conditions and the need to cut expenses after financial losses. The news was first reported today by CoinDesk, which noted that it will bring the company back to its staffing levels in January. This will reduce the number of employees at the firm by about 150.

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