Australian cryptocurrency exchange Swyftx plans to lay off 40% of its staff again

ChainCatcher news, Australian cryptocurrency exchange Swyftx will lay off 40% of its staff, approximately 90 employees, due to the downturn in the digital asset market following the FTX collapse, in order to prepare for the worst-case scenario of continued declines in the crypto market next year and potential more black swan events like FTX.

Previously reported, in August, Swyftx laid off 21% of its staff, totaling 74 employees, affecting customer support, marketing, engineering, and other general fintech positions. (WA Today)