Following the severe economic downturn, Quidax, a Nigerian digital asset exchange platform, recently announced that it laid off 20% of its workforce. Despite the staff cuts, Quidax reportedly told customers it was “not going anywhere anytime soon.”
“No relation to FTX”
Nigerian cryptocurrency exchange Quidax said the ensuing global economic recession has led to the platform’s “very talented reportedly claimed to have been forced to let go of his 20% of “talent”. Man. “The exchange claimed that the layoff had nothing to do with the crypto market turmoil stemming from his FTX collapse, and that Quidax itself had “nothing to do with FTX.”
. Television show Big Brother Naija had better prospects.The cryptocurrency exchange “made some plans and growth projections,” according to a report by Nairametrics.
Retirement packages for laid-off workers
The virtual currency exchange said that it was necessary to revise it downward. Commenting on its decision to lay off the employee, Quidax reportedly said: We had to say goodbye to 20% of the top talent. We deeply respect our employees and it was not an easy decision.
In addition to providing severance packages to affected employees, Quidax said it will connect employees to a “network of companies and founders in the fintech space.” .
On the other hand, cryptocurrency exchanges were cited in a report saying they were “not going anywhere anytime soon.” The exchange has reassured customers that their funds are not only safe, but insured.
Sign up for your email here for weekly updates on African news will be sent to your inbox:
Image Credits: Shutterstock, Pixabay, Wiki Commons