Celsius lays off 150 employees due to escalating bear market

Celsius Network has laid off about a quarter of its staff. This happened just days after the company released the statement. It once again reassures the company that the company is working around the clock to enable withdrawals and resolve liquidity issues.

Calcalist, Israeli mediareportNews that crypto lenders have laid off about 150 employees amid ongoing struggles.

The company’s Linkedin page currently states that it has 651 employees, meaning that about a quarter of employees are fired.

A few days ago Celsius publishedThe statement stated that they “Concentrating and working as quickly as possible to maintain liquidity and operations.”

“We continue to take important steps to preserve and protect assets. and explore the different options available to us, the choice also includes the execution of strategic transactions. as well as our debt restructuring among other ways.”

Celsius announced the cessation of withdrawals. in the middle of june which since then The company has hired a restructuring lawyer. And there are also rumors that the CEO – Alex Mashinsky is trying to flee the United States. but was banned by the local authorities But the team rushed out.deny the newsthese rumors immediately

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