Crypto Exchange Gemini Reportedly Cuts Down 10% of Staff
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Despite the ongoing relief rally in the crypto market, negative news seems to be never-ending. The latest to make it to the headline today is Gemini, as the crypto exchange company has reportedly cut down another 10% of its global staff according to a recent report published by The information citing an internal message. This latest headcount reduction is the crypto exchange’s third round of lay-offs in the past eight months. Its previous staff cutdown occurred last June following extreme market conditions. The company let go of a tenth of its staff. Weeks later, a report claimed that the company
Bloomberg reports crypto exchange Gemini restructuring with staff cuts, market exits, leadership changes, and a strategic pivot toward custody services and prediction markets. Gemini has announced significant workforce reductions following an extended crypto market downturn. The restructuring reflects the build-up of pressure on the platforms for trading digital assets around…