Aussie exchange Swyftx cuts staff by 21% amid bear market

Cointelegraph

Published Aug 19, 2022 02:42AM ET

Updated Aug 19, 2022 04:20AM ET

Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the current bear market.

According to an Aug. 17 note from co-CEOs Alex Harper and Ryan Parsons (NYSE:PSN) stated that 74 colleagues had to be let go, as the current economic climate that they were hired in has shifted dramatically to what it is today:

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