Crypto Winter Pushes Softbank-Backed 2TM To Cut Over 10% Of Its Workforce

Author : Dhowcruise
Publish Date : 2022-06-05


Crypto Winter Pushes Softbank-Backed 2TM To Cut Over 10% Of Its Workforce

2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.

2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have resulted in a controlling acquisition or a minority stake sale. The talks ended in early May.2TM Participacoes SA, the holding company that owns Brazil's Mercado Bitcoin SA, has dismissed about 90 employees, more than 10% of its workforce, according to people familiar with the matter, who asked not to be named because the number isn't public. In a statement, which did not include the exact number of people affected, 2TM said the measure was necessary because of the macroeconomic climate. The statement cited rising interest rates, inflation, and current global financial conditions. O Estado de S. Paulo, a Brazilian newspaper, first reported 2TM's layoffs. 2TM raised $50 million in November from investors including Tribe Capital and 10T Holdings. Earlier this year, the company had been linked to a potential deal with Coinbase Global Inc. that could have re



Category :travel

IPL 2022: Mohammed Azharuddin Criticises Delhi Capitals "Completely Unacceptable" Behaviour Over No

IPL 2022: Mohammed Azharuddin Criticises Delhi Capitals "Completely Unacceptable" Behaviour Over No

- Mohammed Azharuddin on Friday criticised Delhi Capitals after the no-ball controversy, saying


The Bank Nifty Is On A Roll: Heres Why

The Bank Nifty Is On A Roll: Heres Why

- April is the best month for the Bank Nifty. The month has a 75% strike rate of a bullish close over the last 16 years and an


IPL 2022: Andre Russells All-Round Heroics Powers KKR To Big Win In Must-Win Match

IPL 2022: Andre Russells All-Round Heroics Powers KKR To Big Win In Must-Win Match

- IPL 2022: Andre Russell scored unbeaten 49 runs with the bat and took three wickets with


Bengal vs Saurashtra, Ranji Trophy Final Day 2 Highlights: Jani, Vasavada Shine As Saurashtra Lead B

Bengal vs Saurashtra, Ranji Trophy Final Day 2 Highlights: Jani, Vasavada Shine As Saurashtra Lead B

- Bengal vs Saurashtra, Ranji Trophy Final Day 2 Highlights: Arpit Vasavada and Chirag Jani took Saurashtra to a dominant position