Correction: Investment platform Bitpanda reduces headcount to 730 employees

Bitpanda announced Friday that it reducing its headcount from around 1000 to 730 workers.This article has been corrected to say that BitPanda's headcount has been reduced to 730 people. An older version mistakenly said that the company was laying off 730 people. The Block regrets the error.

"While this is a tough decision to make, it was nonetheless necessary to make sure we’re robustly well-capitalized to navigate the storm and get out of it financially healthy, no matter how long it takes for markets to recover," Bitpanda said.

Seems to be a pretty common them lately.

if you are a smart person you willl notice it this is why bitcoin crashed

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Investment platform Bitpanda lays off 730 employeesBitpanda, which both cut jobs and rescinded recent job offers, told employees that in retrospect its hiring speed was 'not sustainable.' Bitpanda is an Austrian firm. In 2021 Bitpanda achieved a valuation of over four billion US dollars and had nearly 2.7 million customers and almost 500 employees. So this tiny firm is rightsizing.
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