Coin Security, the world's largest cryptocurrency exchange, confirmed layoffs, but did not disclose the specific size
On May 31st, Bloomberg reported that the world's largest cryptocurrency exchange, Coin Security, has confirmed that it is laying off employees, but the number has not been specified.A spokesperson for Coin An replied via email: "As we prepare for the next major bull market cycle, it is clear that we need to focus on the talent density of the entire organization to ensure we maintain agility and vitality
On May 31st, Bloomberg reported that the world's largest cryptocurrency exchange, Coin Security, has confirmed that it is laying off employees, but the number has not been specified.
A spokesperson for Coin An replied via email: "As we prepare for the next major bull market cycle, it is clear that we need to focus on the talent density of the entire organization to ensure we maintain agility and vitality. This is not about streamlining manpower, but rather reassessing whether we have suitable talent and professional knowledge in key positions
The spokesperson stated that the company has been continuously developing over the past six years, employing nearly 8000 employees globally. "We will still seek to fill hundreds of vacant positions, which will include reviewing certain products and business departments to ensure that our resources are appropriately allocated, reflecting the constantly changing needs of users and regulatory agencies.
According to statistics, as of now, the cryptocurrency industry has cut over 2000 jobs this year. CoinbaseGlobal, Crypto.com, HuobiGlobal, Gemini, and Luno have all announced layoffs.
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