Bitfinex and Tether Will Not Lay Off Employees
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Crypto exchange Bitfinex and Tether, issuer of the stablecoin USDT, do not plan to lay off employees despite the unfavorable market situation, The Block has reported.

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Bitfinex COO Claudia Lagorio has said the exchange is continuing to invest in acquiring talent and resources, "in a measured and methodical manner."

She has pointed out:

"We have a range of career opportunities that we are looking to fill and our hiring plans remain intact."

A Tether spokesperson has said the company is also committed to expanding its staff.

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The source has said:

"Tether is profitable and will continue to hire key positions to support the business. We care about our employees and their future – we have not cut staff even in previous crypto winters and we will never do this."

According to Lagorio, Bitfinex and Tether currently have a total of 250 employees.

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