Bybit has recently announced it will cut its staff as part of a business reorganization “amid a prolonged bear market.
According to the company co-founder and head Ben Zhou, the company intends to refocus its efforts amid the protracted crisis. He has stressed that the reorganization will affect all divisions of the structure.
He has added:
“The planned reductions are comprehensive. It is important to make sure that Bybit has the right structure and resources to overcome the falling market, and is nimble enough to take advantage of the many opportunities in the future.”
He has said the platform will try to make the process “as smooth as possible” for affected employees.