Brisbane crypto exchange Swyftx cuts one-in-five staff

Brisbane crypto exchange Swyftx cuts one-in-five staff

Brisbane-based cryptocurrency exchange Swyftx has laid off 74 employees, the equivalent of 21 per cent of its workforce, two months after announcing its merger with online share trading platform Superhero.

Co-chief executives Alex Harper and Ryan Parsons informed all staff on Wednesday that the company would be cutting roles, and individual staff announced their redundancies via LinkedIn on Thursday.

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