Banks-owned blockchain trade finance startup We.trade cuts 50% of its staff

Banks-owned blockchain trade finance startup We.trade cuts 50% of its staff

We.trade, the blockchain-based trade finance startup jointly owned by 12 European banks, has reportedly laid off around 50% of its staff, representing more than 12 employees. Global Trade Review (GTR) reported the news on Wednesday, citing “several sources familiar with the situation.” David McLoughlin, head of commercialization at We.trade, confirmed layoffs, without disclosing a specific …

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