February 6, 2023 1:56 p.m. | 1 minute read
Cryptocurrency exchange OKX is laying off its workforce employed through its Dublin unit, Bloomberg reported.
The OKX spokesperson declined to reveal the exact number of layoffs, but said it was less than 1% of OKX’s global workforce.
The affected employees worked through OKBL (Dublin) Services and Technology.
The spokesperson explained that the layoffs were part of a global reallocation of resources and OKX planned to increase its global workforce in 2023.
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The recent round of layoffs came as several crypto companies, such as Coinbase, Crypto.com, and Gemini Trust, had also downsized due to the current crypto market downturn amid “crypto winter.” “.
By the way, OKX announced last week that it had become the main sponsor of Istanbul Fintech Week.
Taking place February 8-9, Istanbul Fintech Week is a regional fintech gathering bringing together financial firms, investors, innovators and entrepreneurs from around the world.
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