Cryptocurrency exchange CoinDCX has started consolidating some of its functions and, as a result, has laid off employees as a cost-cutting measure, according to multiple sources aware of the development. The marketing, branding, and activation teams were most affected by this restructuring that took place last month.
This comes at a time when crypto exchanges globally and in India are facing difficult market conditions and regulatory hurdles and have begun laying off employees.
According to sources, about 80-100 employees were laid off across marketing, branding, and activation teams. Moneycontrol couldnt ascertain this independently. CoinDCX asked these employees to resign, and many of them are now serving their notice period and ha…
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