Indian crypto investment platform CoinSwitch cut its customer support team by more than a third, citing low market activity. The 44 job losses, which occurred about three weeks ago, amount to just under 7% of total employees, a company spokesperson told CoinDesk. The firm has hired around 60 people since April, mostly in product tech and compliance, for a total employee strength of around 640 before the layoffs. The customer support team still has 82 members. CoinSwitch is not alone in needing to adapt to a changed environment. Earlier this month, rival CoinDCX cut about 12% of its staff, laying off 71 employees as a bear crypto market.
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