Insiders: Crypto market maker GSR lays off at least 5% again

According to ChainCatcher, citing informed sources from The Block, cryptocurrency market maker GSR has implemented further layoffs, affecting 5% to 10% of employees. Two of the sources indicated that the cut is closer to 5% rather than 10%. However, another informed source added that some employees have also voluntarily resigned due to reasons such as lower-than-expected bonuses in January.

A GSR spokesperson stated that GSR's financial condition remains healthy, and as the digital asset landscape evolves, GSR will continue to adapt to market conditions, aiming to expand its leading position as a top financial services company in the crypto space. (source link)