OKX Starts Employment Consultation With Dublin Staff (Correct)

Crypto exchange OKX is entering into employment consultation with staff at its Dublin unit, a spokesperson said Monday.

• Spokesperson declines to comment on number of jobs affected; says it’s less than 1% of OKX’s global workforce
• The affected workers are employed through OKBL (Dublin) Services and Technology
• “This is primarily a global resourcing decision on our part, and we intend to grow our global headcount in 2023”: spokesperson
• NOTE: Crypto firms have cut thousands of jobs in 2023, as companies like Coinbase, Crypto.com and Gemini Trust contend with crypto winter

(Corrects story originally published Feb. 6 to say OKX is ...