Bitcoin ( BTC) financial services group Unchained Capitalof its employees 15 percentHe announced that he was laying off his job.
The crypto bear market, which has been going on for months and has been intensifying recently, has left many companies under its influence. Cryptoindustry experienced a serious retreat, especially in the last six months of the year. USA On the other hand, increasing inflation and interest rate hikes were cited as factors. Cryptocurrency exchange FTX ‘ The fact that he experienced the collapse and declared his bankruptcy put the last point. Corporate companies work hard to survive under the influence of the process. one of these companies Unchained Capitalannounced the start of layoffs.
Unchained Capital Concerned About Sustainability
financial services company Unchained Capitalstarted layoffs, citing the current crypto bear market.
CEO of the company Joe Kellystaff members as part of the company’s efforts to manage the business during the crypto bear market. 15 percentHe said he would be fired.
Kelly, layoffs bitcoin attributed to restrictions on funding for backed loans. The company’s CEOcited these restrictions as a result of the crypto bear market.
But despite all these restrictions and layoffs, the company’s credit book 214 percentIt was announced that it was over-collateralized with a collateral-to-principal ratio.
The company stated that it will ensure the rights of its employees and provide the necessary conditions in all these processes.
