Australian crypto exchange Swyftx to lay off 40% of staff, about 90 employees

According to WA Today, the Australian cryptocurrency exchange Swyftx will lay off 40% of its employees, about 90 employees, due to the downturn in the digital asset market after the collapse of FTX, in order to "prepare for the worst case of continued decline in the encryption market next year and further developments such as FTX." prepare for multiple black swan events.” Foresight News previously reported that in August Swyftx laid off 21 percent of its workforce, totaling 74 employees, across customer support, marketing, engineering and other general fintech roles.