CoinSwitch layoff might be otw

I joined there as an intern, initially they hired 11 interns and we worked for 6 months there, during our internship period also many of the engineers (mostly SDE-2) were leaving the company and then suddenly the founding engineers also started resigning, well that's not all when they had to convert the interns only 2 of them got the PPO, their excuse was we wanted to hire 7 people out of 11 but couldn't due to financial constraints.

Also recently many of the QA engineers and support team members were laid off. CoinSwitch had two Architect Engineers but they also moved out of the company recently along with PM's.