2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown.
Several companies at a worldwide level and also in Latam are preparing for the negative changes that several analysts have predicted will happen in the market.
According to local media, the company will lay off little more than 10% of its operating staff, with 90 employees out of its total workforce of 750 leaving its offices soon.
The scenario required adjustments that go beyond the reduction of operating expenses, making it also necessary to dismiss some of our employees.
exchange, not only announced it was freezing its hiring programs, but also that it was rescinding some of its accepted job offers for employees that have still not started to work in the company.
In Latam, exchanges like Bitso and Buenbit have also adapted their labor structures, laying off part of their staff to be in a better position in the future.
Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.