Bitpanda, one of the cryptocurrency trading platforms, has made the decision to mass layoffs, following a similar path to a few other names in the industry.
According to a statement made today by Bitpanda, the company in order to ensure sustainability dismisses some of its employees.
In this decision taken by the company, Cryptocurrency market drop it was effective.
In a statement by Bitpanda, “The general state of the market has changed considerably over the past few months. Geopolitical tensions, rising inflation rates and a possible recession thought to be imminent played a role in this change. There is a lot of uncertainty in the financial markets right now.” expressions were used.
Bitpanda is not the only name in the industry to make a similar decision. Different crypto money companies have made similar decisions to adapt to current conditions in the market.
Bitpanda management has created a program to assist the dismissed people in the future. support center with employee support program drying and psychological support opportunity provides.