2TM, the holding company for Brazil's largest crypto exchange MercadoBitcoin, has laid off over 80 employees. oalvespaulo reports for CoinDeskBrasil
2TM, the holding company for Mercado Bitcoin, Brazil's largest crypto exchange by market valuation, laid off over 80 employees on Wednesday.
“The changing global financial landscape, rising interest rates and inflation have been having a major impact on technology-based companies,” 2TM said in a statement, without mentioning an exact number of layoffs, although it did publish a list with 86 profiles of fired employees, along with their contacts.The company also said that “the scenario required adjustments that go beyond reducing operational expenses, making it necessary also to lay off part of our employees.
According to its LinkedIn page, Mercado Bitcoin Market has more than 580 employees, while 2TM has more than 80.citing “long-term business strategy” reasons.— 80 employees, approximately — due to the “global overhaul” of the tech industry, the company said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Winklevoss' Gemini Will Lay Off 10% of its Staff Amid Crypto WinterThe billionaire twins cited geopolitical instability and the broader macro environment as the major cause of such first-ever job cuts.
Read more »
Plano crypto company InfStones ‘near Unicorn status’ after $66 million funding roundThe blockchain infrastructure company, which moved to North Texas last year from California, has raised over $100 million in funding since it started in 2018.
Read more »
Crypto.com gets nod in Dubai and FTX launches in JapanPopular crypto exchanges Crypto.com and FTX will each expand to new countries as Crypto.com secures a crypto license in Dubai, and FTX launches its service in Japan.
Read more »
BTC/USD Forecast: Bitcoin Sells Off as Trend ContinuesBitcoin fell significantly on Wednesday as we begin the month of June.
Read more »
Large Crypto Losses May Not Become Instant Tax Write-0ffs, But Here’s What You Can DoMany investors are hoping that selling crypto at steep losses could yield large tax write-offs. That is not necessarily the case.
Read more »