RTO
Rentokil Initial plc
stock NYSE ADR

Rebound from AML, firing of the old CEO and getting a New one, alot of internal restructuring including lay offs, and RTO mandate 

My firm (equities) is hiring for a medior role and we get so many applicants from Crypto firms. They all share the same story: layoffs, layoffs via RTO, etc.
I get it, crypto is deadish trading wise, btc down etc. But I don't follow much about that part of the industry. Someone willing to share some more light?
For example, do crypto trading firms tend to just be generally, overall, long? Or is it simply trading that just dies when cryptos are down because there's no punters/retail interest? Obviously for equities is the opposite, there's a lot more trading when stocks are down