Cryptocurrency lending firm Genesis has laid off about 30% of its staff again, bringing the total number of employees down to 145
According to ChainCatcher, as reported by Coindesk, the crypto lending institution Genesis has laid off about 30% of its employees in a second round of layoffs to "reduce costs and increase efficiency," bringing the total number of employees down to 145.
A spokesperson for Genesis Global Trading stated that the company's sales and business development departments were particularly hard hit, with the entire sales team in the Singapore region being laid off. However, Genesis will continue to strive for the best outcomes that align with the long-term interests of its business units, clients, and employees.
It is reported that Genesis had previously announced a 20% layoff on August 17, 2022. (source link)
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