• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

Apple Will Make Joining Public Wi-Fi Networks Easier in iOS 26

July 3, 2025

Will the iPhone 17 Pro Max Finally Solve Battery Anxiety?

July 3, 2025

Apple Slows Down on ‘iPad Fold’

July 3, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»Crypto exchange Bitpanda makes job cuts
Fintech

Crypto exchange Bitpanda makes job cuts

June 25, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto exchange Bitpanda makes job cuts
Share
Facebook Twitter LinkedIn Pinterest Email


Vienna-based Bitpanda is the newest crypto participant to make job cuts, informing staffers that it’s going to axe tons of of positions because it withstand a dramatically altered market.

Digital funding platform Bitpanda says that it’s going to convey its headcount right down to about 730 from the greater than 1000 it’s listed as presently having on LinkedIn. It’s also rescinding some accepted job provides.

The transfer comes lower than a 12 months after Bitpanda noticed its valuation hit $4.1 billion after a $263 million spherical led by Valar Ventures.

In a message to workers, posted on its weblog, the agency’s founders says: “We have to make elementary modifications in how we function and sharpen our focus by getting again to the fundamentals, prioritising security and compliance, consumer expertise, schooling and neighborhood, whereas deprioritizing the whole lot else.”

Whereas citing the crypto winter and broader world financial issues, the corporate acknowledges its personal failures.

“In maintaining with the business, our workforce’s development price has been too excessive…We reached some extent the place extra individuals becoming a member of didn’t make us more practical, however created coordination overheads as an alternative, notably on this new market actuality. Wanting again now, we realise that our hiring velocity was not sustainable. That was a mistake.”

Affected workers will get packages that “transcend” employment regulation in addition to one-on-one teaching with expertise acquisition companions, references and psychological well being assist.

Bitpanda is way from alone: not too long ago Coinbase set out plans to cut back its workforce by 18%, BlockFi by 20%, Crypto.com by 5 per cent and Gemini by 10%. Nonetheless, some crypto corporations -Binance, Kraken and OKX – have bucked the development and dedicated to hiring sprees.

See also  How The 15-Minute ‘Stand-Up’ Meeting Gets The Job Done

Source link

Bitpanda Crypto cuts exchange job
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Dyson Airstrait cuts my styling time in half, but it’s not perfect

March 28, 2024

Apple Makes First Job Cuts Among Corporate Retail Teams

April 4, 2023

Seattle startup uses AI to help job seekers refine resumes, land gigs amid widespread layoffs – Startup

March 24, 2023

Is Crypto a Security? A US Judge Is About to Decide

March 21, 2023
Add A Comment

Comments are closed.

Editors Picks

iPhone 16 Lineup to Boast New Capacitive ‘Capture Button,’ Tetraprism Camera on Both Pro Models

September 26, 2023

iOS 17 Gives Us a New Reason to Buy MagSafe Charging Stands

October 4, 2023

Social media resumes are a real thing (and not only on LinkedIn!)

July 17, 2022

Banking Circle names Jim Snabe chairperson of advisory board

December 17, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Apple Will Make Joining Public Wi-Fi Networks Easier in iOS 26

Will the iPhone 17 Pro Max Finally Solve Battery Anxiety?

Apple Slows Down on ‘iPad Fold’

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.