News/Crypto Exchange Banxa Cuts 30% of Headcount

Crypto Exchange Banxa Cuts 30% of Headcount

Jun 27,2022,18:55
Australia based crypto exchange Banxa has cut over 70 staff, which represents 30% of its workforce, Australian Financial Review reports. Last year, Banxa once had over 230 employees. CEO Holger Arians said in a letter to employees that the company grew too quickly and that extensive redundancy would occur as market conditions worsened.
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