Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs.

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Matrixport Lays Off 10% of Staff as Crypto Winter Continues

Jihan Wu’s Matrixport is letting go of 10% of the firm’s employees, according to multiple reports on Jan. 27, 2023. Bloomberg detalles that unnamed sources say the company’s head of business development and investor relations has left. The news follows another Bloomberg report, published in Nov. 2022, that said Matrixport was seeking $100 millón in financing from investors.

En el momento, the company told the publication it was engaging with investors. In addition to sources from Bloomberg on Friday, the company’s COO, Cynthia Wu, confirmed to Coindesk’s Omkar Godbole that the 10% cut in staff mainly stemmed from Matrixport’s marketing department.

“We’ve sharpened our strategic focus towards accredited investors given the significant shift in the regulatory climate following the industry-wide capitulations. Our teams have been aligned to reflect this change,” Wu told Godbole. “We continue to hire in the areas of compliance, legal, and product development, with reductions in marketing impacting 10% of our headcount.”

Matrixport’s layoffs amid the crypto winter are among the many cryptocurrency and blockchain companies letting employees go. Recientemente, Huobi reportedly let go 20% de sus empleados, y sources detailed this week that Gemini is letting go 10% of the exchange’s staff.

base de monedas reduced its headcount by 950 employees at the beginning of the year and Superrare cut 30% of staff casi al mismo tiempo. Además, thousands of crypto employees were let go during the last three quarters of 2022. Corporate giants like Meta, microsoft, Google, and Amazon have also let go large numbers of employees in recent times.

Etiquetas en esta historia
Amazon, Bitmain, blockchain companies, CEO, base de monedas, Cripto invierno, criptomoneda, downsizing, Financing, Viernes, Geminis, Google, Huobi, industry-wide capitulations, investor relations, inversores, Jihan Wu, job loss, despidos, marketing department, Matrix Asset Management, Matrixport, Meta, microsoft, personnel reduction, reduction in headcount, reduction in personnel, regulatory climate, Informes, staff, recortes de personal, staff trimming, Superrare, workforce reduction

What do you think about Matrixport’s layoffs and the thousands let go from the crypto industry as a whole since last year? Comparta sus pensamientos en los comentarios a continuación..

jamie redman

Jamie Redman es el líder de noticias en Bitcoin-Tidings.com News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 6,000 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




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