Owner of Mercado Bitcoin 2TM Undergoes Second Round of Layoffs

[Markuri33]

The Brazilian company let go of 15% of its employees two months after announcing an earlier round of job cuts.The parent company of Latin American exchange Mercado Bitcoin, 2TM, has announced a second round of layoffs as companies continue cutting back amid crypto winter.

According to Bitcoin Portal, a Brazilian cryptocurrency publication also owned by 2TM, the company let go of 15% of its employees due to continued "adversity in the economy." The publication stated that it “regrets the loss of colleagues.The recent round of layoffs follow earlier cuts from 2TM that took place in June, where the company let go of 12% of its 750 employees, or about 90 workers, citing “changes in the global financial landscape.”

“The scenario requires adjustments that go beyond the reduction of operating expenses, making it necessary also to lay off part of our employees,” 2TM said at the time in a statement. “The process we have carried out has been guided by transparency and respect, to honor the legacy of each employee who has helped us get this far.more