Crypto News: CoinFLEX dismisses employees to reduce maintenance cost

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Popular crypto exchange, CoinFLEX has now dismissed many of its employees. The exchange confirmed the decision in a blog post on Friday. Reportedly, CoinFLEX hinted that the move emanated in a bid to focus on its significant operations without incurring heavy maintenance costs. The massive layoff by the exchange cut across all its departments and geo-locations. According to CoinFLEX, the layoff would help cut its maintenance costs by over 60 percent. Additionally, the firm maintained that its r ...

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