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Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch

Started by Bitcoin, Jun 17, 2024, 06:27 am

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Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch

Report: Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin LaunchAccording to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off 65 employees, which accounts for 20% of its staff. The information was […]

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