Another 68 people were fired by the leadership of the Gemini crypto exchange. Thus, the number of employees of the company was reduced by about 7%.
This is the second phase of the reduction of the platform staff.
Two months ago it became known that Gemini was among the crypto companies that were forced to say goodbye to some of the employees amid the dominance of bearish sentiment in the market.
According to preliminary data, 68 people left Gemini as a result of the second phase of business optimization. However, the real figure may be higher.
Trending: Salvadorans are against buying bitcoins at the expense of the budget
The co-founder of the exchange, Cameron Winklevoss, did not deny but did not confirm the information received from the media. But he stressed that the company independently chooses the most convenient business model, taking into account the market situation. If a bet is made on optimization, then this will be the right decision, since, against the backdrop of a fall in the crypto market, it is necessary to reduce costs.
Many crypto exchanges were forced to lay off some of their employees.
At the end of last week, it became known that the Australian platform Banxa said goodbye to 40% of its employees. Thus, the number of managers was reduced from 250 to 150.