Crypto exchange BitMEX has laid off 75 workers, approximately 25% of its global workforce. By mikeybellusci
Crypto exchange BitMEX has laid off 75 workers in a move that comes shortly after plans by a company founded by BitMEX’s CEO and CFO to buy one of Germany’s oldest banks fell through.
"BitMEX has made changes to our workforce in order to streamline for the next phase of our business," a BitMEX spokesperson told CoinDesk Monday in an email. “Our top priority is to make sure all employees who will be impacted have the support they require,” “The BitMEX platform will continue to operate as normal, and we will not be commenting further at this time,” the spokesperson added.
A source familiar with the matter said that the layoffs would become effective at the end of April, and represented roughly 25% of BitMEX’s workforce. After the cuts, Seychelle’s-based BitMEX’s global headcount will be 225 people, the source said.
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