Cryptocurrency tax software company TaxBit has laid off 80 employees, accounting for nearly 40% of its total workforce

2023-06-11 11:13:29

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ChainCatcher news, according to The Information citing informed sources, cryptocurrency tax software company TaxBit has laid off 80 employees, nearly 40% of its total workforce. Last year, TaxBit laid off about 15%.

ChainCatcher previously reported that, according to Forbes, TaxBit's CEO Austin Woodword has stepped down and will serve as chairman of the board, while COO Lindsey Argalas has been appointed as the new CEO.

According to cryptocurrency data platform RootData, TaxBit is a leading tax and accounting solution for the tokenized economy. TaxBit enables widespread adoption of digital assets by overcoming regulatory barriers through large-scale automation of tax and accounting compliance. TaxBit's platform serves top exchanges, institutional investors, governments, and individuals in the industry. In August 2021, TaxBit announced the completion of a $130 million Series B funding round, with a valuation exceeding $1.3 billion. (source link)

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