The crypto world has had its fair share of drama as the bear market bites down on the entire landscape. In addition, global inflation has also caused most companies to resize their organizational structure. Crypto businesses are now planning for effective cost-management strategies to prevent a collapse. However, the fear in the market for most crypto users is high since trusted firms have collapsed. Related Reading: Metaverse Token Axie Infinity (AXS) Suddenly Pumps 25% – What’s Happening? In light of recent events, Australian cryptocurrency exchange Swyftx has shown 90 of its employees the exit door. It represents a layoff of around 40% of the entire workforce – a significant number. Swyftx CEO Alex Harper said the company is well-positioned to handle the blowout of the FTX storm on the crypto world. He believes the crypto market will continue to decline in 2023. This is the reason behind the massive decrease in the workforce. Layoffs Are Common In Crypto Exchanges Top cryptocurrency exchanges are sizing down their teams to cut costs and prevent wearing out. Other factors have prolonged the current bear m ..
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