Crypto Lender Amber Scraps Bonuses, Cuts Jobs as FTX Collapse Turmoil Continues

Dec 15,2022
KingData News: Amber Group, one of Asia’s biggest trading and lending platforms for digital currencies, has canceled this year’s staff bonuses as the one-time industry darling grapples with the crypto downturn. The Singapore-based outfit told employees this week that it is scrapping performance-based bonuses for 2022 due to slower business growth and market uncertainties, in an internal memo viewed by Bloomberg News. Two previous layoffs at Amber have cut the company's headcount from 1,300 to 400 and abandoned the retail business.
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