Crypto exchanges will lay off some employees CEO Chris Marszalek announced plans to lay off about 260 employees, or 5% of the cryptocurrency platform’s workforce.

He said the company needs to focus on executing its roadmap and optimizing profitability.

“We will continue to evaluate how best to optimize our resources […] to be winners during the next bull rally,” Marshalek wrote.

That means making difficult and necessary decisions to ensure continued and sustainable growth for the long term by making targeted reductions of approximately 260 or 5% of our corporate workforce.

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