on Feb. 3 stating that the company has had to focus its headcount “against the most impactful and business critical efforts.”
He stated that the company's decision to cut “89 roles,” approximately 21% of its workforce, was to ensure it isBenet suggested that the company must “prepare for a longer downturn,” given it has been an “extremely challenging” time for the crypto industry. Meanwhile Bittrex employees were informed by CEO Richie Lai over email on Feb. 1 that the company has made a reduction to its workforce to “ensure the long-term viability" of the company.via Twitter on Feb. 2, in which Lai stated that despite the leadership team “working aggressively” to reduce expenses and increase efficiencies over the last several months, the efforts have not produced the"results necessary.
Lai added that the market conditions have forced the company to reset their strategy and balance its “investments with the new economic environment.”Related:
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