Temasek-backed crypto firm Amber Group making 'dynamic headcount adjustments' across global offices

SINGAPORE: Temasek-backed crypto firm Amber Group has"made adjustments dynamically" to its headcount and team compositions across global offices, with its Singapore headquarters"open and operating as usual".

The crypto firm also addressed reports surrounding delayed severance payments, attributing the holdup to a"transaction delay due to the restriction in the foreign exchange quota"."So as we weather through the market cycle, we are constantly adjusting and pivoting business strategies, and making correspondent headcount adjustments across our global offices in light of the current market conditions to remain resilient and competitive," said Amber Group.

A partnership between football club Chelsea and Amber Group purportedly worth £20 million a year will also be terminated, according to Bloomberg. The partnership was first announced in May 2022.

Here's the real headline temasek: Amber yet a other pile of faecal dog matter in Temasek's books due to poor/non-existent due diligence. What is a few more hundreds of millions of losses? We manage huuuuundreds of billllllllions (said in a Dr Evil voice)

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