Dublin-based cryptocurrency exchange OKX is reportedly considering laying off around one percent of its staff in a bid to save money and streamline its operations. The move comes as the company looks to recover from the 2022 crypto winter, which saw many firms in the industry struggle to stay afloat. OKX is currently in the process of consulting with all of its employees to determine which resources can be reallocated and which members of the team are no longer serving a forward-moving purpose. A spokesperson for the company stated that all affected employees will be assisted through their transition by the company. Despite the potential layoffs, OKX’s net global headcount remains unchanged.
