The layoffs were reportedly "terribly" executed, with days of uncertainty and employees receiving little or no notice before being fired.
Koinly lays off 14% of staff
UK-based crypto tax company Koinly announced they would be letting go of 14% of their team. This amounted to more than 100 employees, including the entire London- and Sydney-based teams. The company attributed the decision to the crypto market decline, as well as "fewer people reporting crypto on their tax returns". Hmm.