After Bitso and Buenbit, Brazil’s 2TM lays off 12% of its workforce

The layoffs have already hit six multi-billion dollar startups in Brazil, joining Bitso and Buenbit in Latin America's crypto sector.

RIO DE JANEIRO, BRAZIL - The holding company 2TM, owner of Brazilian cryptocurrency exchange Mercado Bitcoin, is another unicorn that is laying off staff amid a massive trend affecting high-growth companies worldwide.

2TM said Wednesday, June 1, that it laid off 90 people, 12% of its team, due to the "changing global financial landscape, high interest rates and inflation, which have had a major impact on technology-based companies."

The company said this . . .

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