Wyre, a crypto payments company founded in 2013, has told employees that it is shutting down amid layoffs.
The company is yet another victim of the crypto crash and broad market slump.“We'll continue to do everything we can, but I want everyone to brace themselves for the fact that we will need to unwind the business over the next couple of weeks,” CEO Ioannis Giannaros wrote in an email to employees, a portion of which was seen by Axios.
One former employee said they have not yet been informed of a severance package and that other workers are concerned that there will be none at all.about getting laid off, writing: "#Wyre won’t continue as a profitable business.": Giannaros told Axios via email: "We’re still operating but will be scaling back to plan our next steps." He did not comment further about the company's shutdown.
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