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Bitpanda is another crypto exchange to restrategize amid the current decline. The company recently revealed its intention to reduce the number of its employees. This move may have come as a precautionary measure. Bitpanda once had over 1,000 employees, but it is currently thought to only have roughly 700 left. Along with that, the exchange platform withdrew a number of job offers in an effort to address its current financial issues. Experts believe that if the bear market continues much longer, many of these firms might have to reduce their operations to the barest minimum. In worst-case scenarios, some might file for bankruptcy. This has been arguably the worst bear run in crypto history. Finally, for more cryptocurrency news, check out the Altcoin BuzzYouTube channel. Above all, find the most undervalued gems, up-to-date research and NFT buys with Altcoin Buzz Access. Join us for $99 per month now.