Indian Crypto Exchange CoinDCX Lays Off 12% of Workforce Due to Bear Market and Tax Impact

2023/08/22 09:16

According to CoinDesk, Indian cryptocurrency exchange CoinDCX announced on Tuesday that due to long-term bear market affecting revenue and India's strict tax policy, the company will lay off about 12%, or 71 employees. A company spokesperson said that these employees' roles do not align with the current business focus. It is reported that the company has about 590 employees, and multiple teams are affected by the layoffs.
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