Matrixport to Cut its Workforce by 10%

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Crypto lending platform Matrixport will lay off 10% of its employees.

Bloomberg has reported citing Matrixport COO Cynthia Wu that the company will continue to hire people “in the areas of compliance and product development.”

According to sources, the current wave of layoffs has affected mainly the firm’s marketing department.

It has also been reported that Damien Loh will leave the post of CEO and Zi Wong the post of head of business development and investor relations at Matrix Asset Management.

According to Yoo Yi Woon, COO at the digital asset manager, the top management is reshuffling pending “regulatory review of the firm.”

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