CoinDCX operates as a cryptocurrency exchange aggregator. The company declared a total of 90 employees layoff from their overall headcount.
The layoffs have affected the sales and marketing teams at the company. The crypto exchange sent an email to the impacted employees underlining the contours of the severance package, the source said. Inc42 could not verify the contents of the email. The number of employees impacted by the layoff exercise was not immediately clear.
The impacted employees have reportedly been given a month’s severance pay and let go after serving their notice periods. In a statement, a CoinDCX spokesperson said, “At CoinDCX, with an employee strength of 642 team members, we strive towards giving meaningful roles and charters that would help our employees to learn & grow in this space.”