After Coinbase and CryptoCom, Bybit Lays Off Employees Amid Market Pullback

Bybit has joined other crypto companies in reducing their staff following the massive market-wide retracements. Previous such examples included Coinbase, CryptoCom, and BlockFi.Bybit Slashes Off Staff Membersand CryptoCom in reducing its number of employees,reached out to a company’s spokesperson, who confirmed the news without providing an exact number or percentage.

“Upon the arrival of the bear market, companies globally have been affected, with many needing extensive measures to cut costs. Bybit is no exception apart from the fact that we have taken extreme steps to maintain our workforce for as long as possible during this crisis.” “By executing low purchase orders that lead to high sell orders during a lateral price movement, the system ensures profitability each time the sale price exceeds the purchase price, thus eliminating the need for market forecasting.”

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bitcoin continues to fall, drops below $19,000 as crypto market tumult continuesBitcoin continues to fall, drops below $19,000 as crypto market tumult continues By michael40712627 michael40712627 Only 127 days till the end of the bear market! michael40712627 Is this a new guy? Bitcoin dropped to 17k
Fuente: TheBlock__ - 🏆 464. / 53 Leer más »

Bancor DEX pauses impermanent loss protection amid market instabilityThe Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens. vishal4c removed soon vishal4c Really, did all the owners go broke? vishal4c It's all scams IMO.
Fuente: TheBlock__ - 🏆 464. / 53 Leer más »