CryptoIN

CoinDCX Layoffs

August 2023

CoinDCX announced a layoff affecting 0 employees (12% of its workforce) in August 2023. The company operates in the Crypto sector.

People Affected

Percentage

12%

Announced Date

Aug 22, 2023

About

Indian cryptocurrency exchange CoinDCX has laid off 12% of its workforce, a decision announced on August 22, 2023. While the exact number of affected employees was not specified, the company stated the layoffs are part of a strategic restructuring to improve efficiency and focus on long-term growth amid a challenging market environment. The crypto exchange is providing comprehensive support to those impacted, including full notice period severance, an additional month's salary, and owed variable pay and incentives.