The decision to lay off employees comes as the company held over $500 million on its balance sheet
Stablecoin issuer Paxos recently laid off approximately 20% of its workforce, affecting 65 employees. The layoffs reduced Paxos' headcount to between 200 and 300 employees. The decision comes as the company held over $500 million on its balance sheet.
The unusual social media activity has sparked speculation of a possible account hijack, amidst a backdrop of significant layoffs by Near Foundation.
The move includes strategic changes and new appointments aiming to streamline operations
The strategic shift in Apple's research and delopment plans results in layoffs