OKX reduces its workforce in global restructuring effort
Cryptocurrency exchange OKX is implementing global restructuring, resulting in layoffs within its institutional business unit.Summary
Major cryptocurrency exchange OKX is undergoing a global restructuring that includes workforce reductions within its institutional business segment. While exact layoff numbers were not disclosed, sources indicate that approximately one-third of the institutional sales team was affected through a combination of layoffs and voluntary departures. This strategic move is reportedly aimed at streamlining operations by adopting a traditional institutional coverage model across various regions to enhance client relationships and foster long-term growth. The restructuring occurs as OKX continues its global expansion efforts, including its launch in the US last April. Separately, OKX Finance Director Yana Vella announced her departure on LinkedIn.
(Source：Crypto Briefing)