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Crypto exchange OKX cuts institutional staff amid global restructuring
Cryptocurrency exchange OKX has recently restructured its institutional business globally, resulting in the loss of jobs. While the exact number of people to exit the business has not been not revealed, half of the team were fired, according to one person with knowledge of the matter. A second person said it was it was 8-10 layoffs, with 3 or 4 people exiting the business of their own volition when the restructure was announced. This resulted in about a third of the institutional salesforce leaving, the person added. A company spokesperson stated that these were not "mass layoffs," without providing further guidance ... (full story)
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