Tuesday, June 18, 2024

Bitpanda announces layoffs citing no compromise on product quality By Cointelegraph

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Bitpanda announces layoffs citing no compromise on product quality

Austrian crypto and inventory buying and selling platform Bitpanda joins the rising listing of firms to announce a mass layoff because it goals to “get out of it financially wholesome” amid an unforgiving bear market.

Over the previous a number of weeks, the bear market resulted in quite a few catastrophic outcomes for a lot of ecosystems resembling Terra’s (LUNA) and Abracadabra’s Magic Web Cash (MIM) de-pegging fiasco. Witnessing the crashes from a front-row seat, Bitpanda made the “powerful determination” of slicing down its worker headcount to roughly 730 folks.

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