Fidelity-backed OSL latest crypto outfit to slash workforce: Bloomberg
It’s the latest in a string of layoffs for the crypto industry.
Fidelity International-backed OSL, a digital-assets platform, is the latest crypto firm to cut jobs, Bloomberg NewsThe Hong Kong-based company is cutting costs by about 30%, including"headcount reduction" as a result of"current market conditions," Hugh Madden, CEO of OSL’s parent company BC Technology Group, said in a statement on Tuesday.Last week, Crypto.com and Coinbase each cut 20% of staff. Genesis, Huobi and Silvergate have also announced layoffs this month.
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