Argentinian platform Lemon Cash has confirmed it has fired almost 40% of its managers and developers.
The company’s management has decided that only by optimizing the state can reduce costs and survive in difficult economic conditions.
Lemon Cash CEO Marcelo Cavazzoli has stressed that his company’s staff has been reduced by about 100 people. He has said:
“Today I have sad news for you, and I want to share it with you. I decided to reduce the size of our team by 38%.”
He has called the decision of the company correct and pointed to the circling of FTX as one of the main factors that provoked the fall of the market.