Crypto Lender BlockFi Cuts Staff by Roughly 20%

Crypto lender BlockFi cuts staff by roughly 20%. "Since Q1 of 2022, the macroeconomic environment has shifted dramatically, sparking a dramatic pull back in equity and crypto markets. As a result, our number one goal has been to achieve profitability so that we can own our destiny as we navigate what many expect to be an extended global recession," the company said, citing efforts to reduce spending on marketing and slowing its headcount growth, among other areas. Other firms, including Gemini, Klarna and Bitso, have moved recently to trim employee numbers.
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