CoinFLEX, one of the crypto money exchanges struggling with financial difficulties, decided to make a mass layoff in order to reduce the costs of the company.
According to the statement made by CoinFLEX, the company “considerable numbers” in different departments and countries lays off its employee.
CoinFLEX, on the exchange last month withdrawals of money had temporarily stopped. The reason for this is that an investor using the stock market worth $84 million has not paid its debt and shaken the company’s balance sheet it was.
Continuing to grapple with financial difficulties, CoinFLEX offers a solution. mass dismissal he’s on his way.
Sudhu Arumugam and Mark Lamb, the founders of CoinFLEX, said in their statements on the subject today:
“As we try to catch up with our previous transaction volumes, we will closely monitor company costs in order to operate and grow as efficiently as possible.”
The founders of CoinFLEX also acquisition by another company or They also evaluated the possibility of forming a partnership with another company. stated.