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2# A bear market is a time for development and innovation to move forward. This is also a time when many companies may go out of business. Crypto winter hits hard. It's just one year after the last bull run. The central bank keeps raising interest rates and it gets difficult for every company to face challenges. In order to sustain the business for the long term and make progress, the crypto exchange Kraken decides to reduce the cost and let go of its 1100 employees. All employees who are laid off will get severance packages and other benefits.

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