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FalconX Axes 10 Percent Global Workforce Amid Crypto Market Shift

Guavy AI Editorial Team
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FalconX, a prominent crypto prime brokerage firm, has undergone significant restructuring by cutting approximately 10% of its global workforce. According to Bloomberg's report on August 3, this move will result in about 35 employees leaving the company.

The affected staff members are based in various locations, including the US, UK, Singapore, and Hong Kong. FalconX had around 350 employees before the layoffs, indicating that the cuts are not drastic but rather a strategic decision to adapt to the market.

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