ICYMI: Fintech layoffs mount as October marks 6 months of crypto downturn
Six months into the crypto downturn, many firms are continuing to cull jobs in an effort to stabilize their businesses.
After the Terra-Luna collapse sent crypto prices tumbling in May, many firms trimmed substantial parts of their workforce to stabilize their businesses. Since then, many crypto firms have focused on preparing their operations to withstand a crypto winter. Like FTX, Kraken and Nexo, some have continued to hire, albeit less dramatically.
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