Aussie exchange Swyftx cuts staff by 21% amid bear market

Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the currentAccording to a Wednesday note from co-CEOs Alex Harper and Ryan Parsons, it stated that 74 colleagues had to be let go, as the current economic climate that they were hired in has shifted dramatically to what it is today:

“We want to be very clear that impacting our teammates in this way is a last resort and is not, in any way, a reflection of the talent or commitment of those individuals,” they added.

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🚀 Thnks a millon.

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This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead.“It is fascinating to see how closely the 1929-1932 and 2000-2002 bear markets paralleled each other, with almost exactly the same kinds of pullbacks and rebounds. I expect similar behavior for 2022-2025.”
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