#cryptowinterwarrior
cryptowinterwarrior
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๐ผ๐๐ช Uphold Axes 17% of Staff as Crypto Winter Bites!
๐น 85 employees cut globally โ CEO cites "recalibration" after doubling headcount ๐ฅโ๏ธ
๐น Strategic shift to enterprise business as retail trading collapses โ banks/fintechs still growing ๐ฆ๐
๐น Crypto market cap fell to $2.1T in Q2 โ 3 consecutive quarters of painful declines ๐๐
๐น Bitcoin ETFs bled $6.9B in May-June โ weak retail participation + rate fears crushing volumes ๐ฉธ๐
From growth to survival mode โ even the strong ones cutting fat to weather this nuclear winter โ๏ธ๐
#Layoffs #CryptoWinterWarrior #Uphold
@MONEY $BTC
๐น 85 employees cut globally โ CEO cites "recalibration" after doubling headcount ๐ฅโ๏ธ
๐น Strategic shift to enterprise business as retail trading collapses โ banks/fintechs still growing ๐ฆ๐
๐น Crypto market cap fell to $2.1T in Q2 โ 3 consecutive quarters of painful declines ๐๐
๐น Bitcoin ETFs bled $6.9B in May-June โ weak retail participation + rate fears crushing volumes ๐ฉธ๐
From growth to survival mode โ even the strong ones cutting fat to weather this nuclear winter โ๏ธ๐
#Layoffs #CryptoWinterWarrior #Uphold
@MONEY $BTC
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