CoinSwtich lays off 44 employees as part of restructuring plan

Crypto investing platform CoinSwitch has laid off 44 employees as part of its restructuring plan. The layoffs primarily affected the customer support and operations teams. The company stated that it made these changes to align with the current volume of customer queries. CoinSwitch also mentioned that it will provide support to the affected employees and is open to welcoming them back in the future. This comes after crypto exchange CoinDCX recently laid off 12% of its workforce due to challenging macro conditions and reduced volumes.

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