The largest South Korean cryptocurrency exchange Bithumb has confirmed to CoinDesk its intention to lay off 50% of employees. Thus, the updated staff of the company will be 150 people.
Representatives of the site explained that firstly the company will be left by employees who have decided to resign on their own. Bithumb will provide them with assistance in finding a new job.
Economic reasons and the trading volumes fall compared to 2018 also affected the decision. At the same time Bithumb stressed that, as necessary, the exchange will continue to hire employees in various departments.
Earlier in March, plans to reduce staff was reported by the development team of the Dash Core Group. 8% of employees left the company, including a strategic director and director of business development.