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20.12 - 10:27
Bybit lays of more staff to weather crypto storm
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finextra.comThe latest round of cuts follows layoffs announced in June by the firm which affected 25% of the workforce.
The planned downsizing will be across the board, with sources suggesting that as many of 30% of remaining staff may be affected.Zhou says: "It's important to ensure Bybit has the right structure and resources in place to navigate the market slowdown".The twitter post sparked an anxious response from jittery users The job cuts at Bybit reflect similar downsizising measures at a host of crypto firms such as Kraken, Nydig, Bitpanda Crypto.com, Gemini and Coinbase as they battle to stay afloat in a dramatically altered market.
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