Lemon, one of the main crypto wallets in Argentina, announced the dismissal of 38% of its employees

Lemon, one of the main wallets that provide the service of buying and selling cryptocurrencies in Argentina, announced today the dismissal of 38% of its employees.

Lemon justified the decision in the face of what it defined as “a scenario of the uncertainty of new investments in the technology industry in general” and with the objective of achieving the company’s sustainability in the coming years.

The measure, said the company, seeks to give it solidity and “slow down the hyper-growth” that it had experienced in recent months, in order to avoid new capital injections for the next three years.

“It has to do with an organizational decision that is not made from one day to the next, but something that I had been thinking about for some time. It is related to the change in international economic conditions” said Marcelo Cavazzoli, CEO and founder of Lemon.

Cavazzoli noted that they regret “having to let go of many very talented people,” about 100 of their 260 employees, after which he explained that the decision “has to do with a change in the startup market and a new focus”.