Cryptocurrency exchange OSL, backed by investment giant Fidelity Investments, announced that it is shrinking in the number of personnel, citing financial conditions.
According to the news presented by Bloomberg News, the cryptocurrency exchange OSL has reduced the number of personnel due to the financial crises. CEO of OSL’s parent company, BC Technology Group Hugh Madden The Hong Kong-based company said on Tuesday “current market conditions” including “staff reduction” as a result of costs approx. 30% He said he had lowered it.
OSL did not release an exact number on how many people were laid off. OSL, which started this year with a shrinkage, will continue to increase its workforce in 2022. 15%had reduced.
crpto.com and coinbase Leading actors of the sector, such as the Turkish Air Force, have signed serious layoffs in the past weeks. Blockchain.com number of staff last week. 28% reduced, ConsenSys announced that it would lay off 100 or more people.
Along with this, many small cryptocurrency companies followed this rush of layoffs. According to the reports presented, he has been working in the crypto money industry since April 2022. 27,000 people lost their jobs.