Cryptocurrency exchange Bittrex announces 83 layoffs

Bittrex, a Seattle-based cryptocurrency exchange, will lay off 83 employees, according to LinkedIn's database. Bittrex has 284 employees. Bittrex co-founder Richie Lai told employees in an internal email leaked on Twitter that the market downturn triggered by multiple failures in the crypto ecosystem turned into a complete collapse by the end of the year. These events led us to re-strategize.