Sad Diwali season for WazirX Employees

WazirX layoffs in the bear market

About WazirX

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What's the news?

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The Firing Zone

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Affected departments

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Declining Transactions

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Details about WRX

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We're on You Tube

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WazirX layoffs in the bear market

WazirX layoffs in the bear market

About WazirX

About WazirX

WazirX is India's leading crypto exchange launched in 2018. It was later acquired by Binance in 2019 & operating as a subsidy since then.

What's the news?

What's the news?

WazirX laid off 40% of its workforce in October 2022. The reason being the crypto bear market & global economy slowdown.

The Firing Zone

The Firing Zone

Around 50 to 70 employees of 150 workers were asked to leave. They will be provided with 45 days compensation salary.

Affected departments

Affected departments

Every department from customer support to HR were equally affected by this decision.

Declining Transactions

Declining Transactions

From hitting the peak at 478 million transactions in Oct 28, 2021 to just 1.5 million in Oct 1, 2022. Its dark days for the Indian exchange.

Details about WRX

Details about WRX

WazirX is still the dominating player in the Indian crypto market.Swipe Up & read

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We're on You Tube

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