The cryptocurrency derivatives platform Paradigm announced a 15% salary reduction for all employees

ChainCatcher news, cryptocurrency derivatives trading platform Paradigm announced that, affected by the FTX collapse, it will implement a 15% salary cut company-wide this week. Paradigm stated that the salary cuts could reduce the necessity for layoffs across the entire ecosystem and will have a smaller impact on the company's growth momentum. "These are tough times, but we must do tough things and maintain financial flexibility to navigate the turbulent period our industry is in." (source link)