{"id":72672,"date":"2023-01-17T20:56:49","date_gmt":"2023-01-17T18:56:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72672"},"modified":"2025-09-09T09:41:07","modified_gmt":"2025-09-09T06:41:07","slug":"hong-kong-regulated-osl-to-cut-costs-by-about-a-third","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hong-kong-regulated-osl-to-cut-costs-by-about-a-third\/","title":{"rendered":"Hong Kong-regulated OSL to cut costs by about a third"},"content":{"rendered":"<p>Fidelity International-backed Hong Kong exchange OSL will cut costs by about a third due to ongoing turbulence in the crypto industry, reports <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-17\/fidelity-backed-osl-cuts-headcount-as-crypto-companies-retrench\\\">Bloomberg<\/a>.<\/p>\n<p>\\n\\n<!--more-->\\n\\n<\/p>\n<p>The decision was taken in response to &#8216;current market conditions&#8217; and envisages a reduction in staff, said Hugh Madden, chief executive of parent BC Technology Group. The executive did not specify by how much the workforce would be reduced.<\/p>\n<p>\\n\\n<\/p>\n<p>The crypto exchange offers trading and custody services for crypto assets, as well as software solutions for institutional investors. <\/p>\n<p>Earlier in June, OSL <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-regulated-osl-to-cut-40-60-staff-about-15-of-the-workforce\">stated<\/a> its intention to lay off 40 to 60 staff (~15% of the workforce).<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hong Kong exchange OSL will cut costs by about a third.<\/p>\n","protected":false},"author":1,"featured_media":72673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,832,1276],"class_list":["post-72672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-hong-kong","tag-layoffs"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=72672"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72672\/revisions"}],"predecessor-version":[{"id":72674,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72672\/revisions\/72674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72673"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}