Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy for the company, just when it had announced its expansion to Colombia.it is taking measures to preserve the operation of the company during the current market downturn.
that while the market is uncertain at the moment, the cryptocurrency market is an already established industry with determined objectives.Pardo declared that “if crypto had no relevance no one would be talking about it. This is here to stay and care must be taken from the regulatory and educational aspects. You can’t do anything with prices but warn about what needs to be done.”Bitso is not the only exchange in Latam facing this kind of difficulty.
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