Bitso Layoffs
May 2022
Bitso announced a layoff affecting 80 employees (11% of its workforce) in May 2022. The company operates in the Crypto sector.
80
11%
May 26, 2022
About
Latin American cryptocurrency exchange Bitso laid off 80 employees in May 2022, reducing its workforce from over 700. This cut, representing over 11% of its staff, was part of a strategic restructuring to align employee skills with its long-term business goals and to increase agility in the competitive crypto industry. The Mexico-based company, a unicorn with over four million users across the region, stated the layoffs were not due to fundraising challenges and occurred amidst a broader tech industry downturn, as seen with other regional exchanges like Buenbit.
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