Bitpanda announces layoffs without affecting product quality – zimo News

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Bitpanda announces layoffs without compromising product quality

Austrian cryptocurrency and stock trading platform Bitpanda has joined a growing list of companies announcing mass layoffs as it aims to “achieve financial soundness” amid a relentless bear market.

Over the past few weeks, the bear market has had many catastrophic consequences for many ecosystems such as Terra (Luna) and Abracadabra’s Magic Internet Currency (MIM) Unanchoring fiasco. Witnessing the crash in the front seat, Bitpanda made the “difficult decision” to reduce its workforce to about 730 people.

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