Matrixport joins the growing list of crypto and blockchain companies that dismiss employees-
Matrixport joins the growing list of crypto and blockchain companies that dismiss employees-
The crypto company Matrixport, led by the former CEO of Bitmain, Jihan Wu, releases 10 % of the company's workforce on Friday. Cynthia Wu, COO of Matrixport, named the reasons for the layoffs a "change in the regulatory climate" and "industrial times capitals".
matrixport releases 10 % of the staff, while the crypto winter continues
jihan wus matrixport according to several reports of January 27, 2023, released 10 % of the company's employees. Bloomberg Details that unnamed sources say that the head of business development and investor relations has left the company. The news follows another Bloomberg report, which was published in November 2022 and in which it was said that matrixport was $ 100 million in financing by investors.
Back then the company The publication was, with investors to get in touch. In addition to the sources of Bloomberg on Friday, the company of the company, Cynthia Wu, Godbole from Coindesk that the personnel loss of 10 % is mainly due to the marketing department of Matrixport.
"We have sharpened our strategic focus on accredited investors in view of the significant change in the regulatory climate after the industry -wide capitulations. Our teams were aligned to reflect this change," said Wu to Godbole. "We continue to stop in the areas of compliance, law and product development, with 10 % of our employees affected by cuts in marketing."
The layoffs of Matrixport in the middle of the crypto winter are among the many cryptocurrency and blockchain companies that dismiss employees. Recently, Huobi allegedly released, and Sources described this week in detail that Gemini 10 % of the staff of the Exchange is.
coin base reduced its oral inventory by 950 employees at the beginning of the year and superrare 30 % of the staff at about the same time. In addition, thousands of crypto employees have been released in the last three quarters of 2022 meta , Microsoft Google and Amazon have also recently released numerous employees.
What do you think about the layoffs of Matrixport and the thousands that have been released from the entire crypto industry since last year? Share your thoughts in the comments below.
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