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 Матрикспорт is letting go of 10% of the firm’s employees, according to multiple reports on Jan. 27, 2023. Блумберг Детали 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 миллион in financing from investors.
В это время, компания сказал 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, законный, 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. В последнее время, Хуоби reportedly let go 20% of its employees, В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. sources detailed this week that Gemini is letting go 10% of the exchange’s staff.
Коинбейс reduced its headcount by 950 employees at the beginning of the year and Superrare cut 30% of staff around the same time. Кроме того, thousands of crypto employees were let go during the last three quarters of 2022. Corporate giants like Мета, Microsoft, Google, and Amazon have also let go large numbers of employees in recent times.
What do you think about Matrixport’s layoffs and the thousands let go from the crypto industry as a whole since last year? Share your thoughts in the comments below.
Кредиты изображений: Шаттерсток, Pixabay, Викисклад
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