Wednesday, February 8, 2023
HomeUncategorizedLuno, A Crypto Exchange Owned By DCG, Fires 35% Of Its Employees

Luno, A Crypto Exchange Owned By DCG, Fires 35% Of Its Employees

Exchanging cryptocurrencies The newest company in the sector to announce layoffs is Luno, which plans to reduce 35% of its global personnel.

At a livestreamed town hall on Wednesday at 12 p.m. London time, the London-based company told staff members of the layoffs.

The company said in a statement provided to CNBC on Wednesday that “2022 has been an exceptionally terrible year for the entire IT industry and in particular the crypto market.”

Unfortunately, Luno wasn’t exempt from this instability, which had an impact on our overall growth and revenue figures.

According to Luno’s LinkedIn site, the company employs 960 people overall, therefore this will affect more than 330 employment.

The business, which has operations across South East Asia, Europe, and Africa, is a member of the.

Source (CNBC)

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