Bithumb’s number of employees will reduce from 310 at the start of March to around 150. Bithumb joins several other cryptocurrency companies in being forced to downsize as a result of the decline in the value of the crypto market over the last year. South Korea’s largest cryptocurrency exchange, Bithumb, announced that they are reducing their staff by 50%. This move will reduce its number of employees from 310 at the start of March to around 150. Bithumb has developed a company-sponsored program to help former employees. The program will help the employees by providing support and training to find new work. A Bithumb official said: “Voluntary retirement is part of our support program for former employees and is intended to provide assistance and training for job placement. Apart from that, [Bithumb’s] trading volume has decreased compared to the previous year, [so]we are trying to provide internal measures. We will continue to add necessary personnel for various new businesses.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Brent Oil: Pullback from 4-month highs stalls at 50-hour MA support FX Street 4 years Bithumb's number of employees will reduce from 310 at the start of March to around 150. Bithumb joins several other cryptocurrency companies in being forced to downsize as a result of the decline in the value of the crypto market over the last year. South Korea's largest cryptocurrency exchange, Bithumb, announced that they are reducing their staff by 50%. This move will reduce its number of employees from 310 at the start of March to around 150. Bithumb has developed a company-sponsored program to help former employees. The program will help the employees by providing support and training to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
