The cryptocurrency financial services platform Amber Group has begun layoffs, with some teams experiencing a reduction of over 50%

According to Chain Catcher news and Wu Blockchain reports, the crypto financial service platform Amber Group has begun layoffs, with some teams seeing reductions of over 50%. Amber responded that this is a quarterly business adjustment, with a larger scale of adjustment based on bearish market expectations.

Previously, media reported that Amber Group plans to raise funds at a valuation of $10 billion and has started negotiations with potential investors. (source link)