African Crypto Exchange Mara Cuts Staff and Salaries Amid Rising Marketing Costs

06/09 09:05

Mara, a pan-African crypto exchange, has reportedly laid off as much as 85% of its staff and cut salaries for remaining employees, citing the need to eliminate redundant roles. However, former employees have suggested that the company's bloated workforce and rising marketing costs played a role in the layoffs. Despite this, Mara has stated that its plans for the future remain unchanged and that it will continue to expand beyond being a crypto exchange.

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