Banxa Lays off 30% Workforce – 70 Employees

Banxa, an Australia-based cryptocurrency firm, announced via an internal memo/e-mail that it will be laying off 30% of its employees, anticipating a long and hard crypto winter ahead.

A total of 70 Employees have been impacted by these layoffs, with the company having a total headcount of 230 at the time of the layoffs.

Banxa joins a long list of crypto companies feeling the heat – to reserve their cash flow and letting go of employees with no easing in sight.

Related Stories

Follow us for Latest Layoffs Updates & News

Latest Layoffs