DCG companies have laid off over 500 employees as contagion spreads By Cointelegraph

U.S. Stock Market Has Plenty of Reasons to Rally After Fed’s Decision

DCG companies have laid off over 500 employees as contagion spreads

Cryptocurrency Jan 25, 2023 05:20PM ET

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DCG companies have laid off over 500 employees as contagion spreads

Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector.

Amid the recent layoffs, London-based cryptocurrency exchange Luno announced on Jan. 25 a reduction of 35% in its workforce, letting go of nearly 330 professionals as a result of turbulence in the tech and crypto industries, which affected the firm’s overall growth and revenue numbers.

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jason xx Jan 25, 2023 5:47PM ET

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