Currency Security, the world's largest encrypted currency exchange, confirms layoffs

Xinhua News Agency, June 1, the currency Security, the world's largest encrypted currency exchange, confirmed that it was laying off staff, and the scale of the layoffs was not specified, becoming the latest cryptocurrency company affected by the long-term downturn in the market. "as we prepare for the next major bull market cycle, it is clear that we need to focus on the talent density of the entire organization to ensure that we remain agile and dynamic," said a spokesman for Yuan an. "this is not about streamlining manpower. It's about reassessing whether we have the right talent and expertise in key positions. We will still seek to fill hundreds of vacancies, which will include reviewing certain products and business units to ensure that our resources are properly allocated to reflect the changing needs of users and regulators. " The cryptocurrency industry has cut more than 2000 jobs so far this year, and the company continues to cut spending despite a partial rebound in cryptocurrency prices. (Bloomberg)