• Fri. Feb 3rd, 2023

Neonews.online

Actual and verified news from Ukraine and the world

Genesis lays off 30% of its staff.

Byadmin

Jan 6, 2023 , ,
Криптовалютный брокер Genesis увольняет 30% персонала

Genesis has 145 employees left after rounds of layoffs.

In its most recent round of layoffs, Genesis Global Training Inc. let go of more than 60 workers or around 30% of the workforce of the ailing cryptocurrency brokerage.

The layoffs, which come after the most recent wave of employment cuts last year, portend more unrest amid a protracted crisis in the market for digital assets.

The company needs more time to resolve the credit unit.

The abrupt shutdown of FTX, one of the biggest cryptocurrency exchanges in the world, at the end of 2022 has shaken the market for digital assets and put Genesis, which is attempting to acquire new funds for its lending arm, into a liquidity crisis.

This Thursday, the company declared that it needs more time to resolve issues affecting its whole credit division and that, if necessary, bankruptcy protection may be sought.

 

Следите за нами и ставьте лайки:
fb-share-icon

Leave a Reply

Your email address will not be published. Required fields are marked *

Wordpress Social Share Plugin powered by Ultimatelysocial