Bitcoin exchange Bullish cuts 10% of staff
- July 6, 2022
- 0
EOS and Block.one-affiliated cryptocurrency exchange Bullish laid off about 30 employees, ~10% of its staff. This was reported to The Block by sources familiar with the situation. According
EOS and Block.one-affiliated cryptocurrency exchange Bullish laid off about 30 employees, ~10% of its staff. This was reported to The Block by sources familiar with the situation.
According to its LinkedIn profile, the company currently employs 269 people.
A Bullish spokesperson confirmed the layoffs. He added that the company is “actively recruiting employees for product, engineering and other strategic roles as part of strategy implementation.”
Earlier, the state optimization was also announced at the parent company of BitMEX, Robinhood, Gemini, Bitso and Brazilian Mercado Bitcoin exchange.
Coinbase will cut its staff by about 18%, blockchain platform BlockFi by 20%, and regulated bitcoin exchange OSL from Hong Kong by ~15%.
In June, Crypto.com CEO Chris Marszalek announced plans to lay off about 260 employees.
According to journalist Colin Wu, Bybit and Huobi are also planning to cut staff by 30%.
Recall that the launch of Bullish took place in November 2021.
Block.one has invested $10 billion in the platform and is backed by the exchange Thiel Capital and Peter Thiel’s Founders, Galaxy Digital, Nomura, billionaire Alan Howard, and others.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
