Crypto exchange WazirX is said to have laid off 40% of its total workforce, mid the current global economic slowdown.
According to CoinDesk, 50 to 70 of the 150 employees at the exchange have been asked to leave. On Friday, the laid-off employees were informed that they would be paid for 45 days and would no longer be required to report to work. “The crypto market has been gripped by a bear market due to the current global economic slowdown,” WazirX said in a statement. “The Indian crypto industry has faced unique challenges in terms of taxes, regulations, and banking access. This has resulted in a dramatic drop in volumes across all Indian cryptocurrency exchanges “it was added
