2TM Layoffs – Lays off 12% of its workforce

2TM is the latest unicorn that is laying off staff amid a tech selloff affecting high growth companies worldwide. 2TM said it laid off 90 people, 12% of its team, due to “the change in the global financial scenario, high-interest rates, and inflation, that has had a great impact on technology-based companies”. Mercado Bitcoin says it is affected by 2TM’s layoffs policy.

The company said this new reality requires that 2TM also seek a new growth and investment equation. “The scenario required adjustments that go beyond the reduction of operating expenses, making it also necessary to dismiss some of our employees. The process we carried out was guided by transparency and respect, in order to honor the legacy of each employee who helped us get here,” it said, in a press statement.

Read more: (Brazil’s Crypto Unicorn 2TM Is Cutting 12% of Its Staff ) https://www.bloomberglinea.com/english/brazils-crypto-unicorn-2tm-is-cutting-12-of-its-staff/