Swyftx Cuts Workforce by 40% As Preparations for Future Crisis

Swyftx, an Australian-based cryptocurrency exchange, announced the layoffs of a total of 90 employees in anticipation of the catastrophe that might result from the impact of FTX and a projected decrease in worldwide trading volumes in 2019. Swyftx Cuts 40% Workforce Swyftx co-CEO Alex Harper announced the information in a statement on December 5 and noted that although having no exposure to FTX, the firm was not safe from the consequences of the collapse of the exchange. Despite these data increasing in November, a Swyftx spokesman informed the media that the 40% employee reduction was also anticipated to coincide with The post Swyftx Cuts Workforce by 40% As Preparations for Future Crisis appeared first on Cryptoknowmics-Crypto News and Media Platform .