Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs – Exchanges Bitcoin News

Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10% of its staff less than two months ago., is reducing the size of its workforce, according to sources.

While the exchange did not make an internal announcement for this round of layoffs, it is estimated that it laid off 7% of its current workforce, with 68 employees leaving the company.However, the extent of the layoff plan could be even bigger, with leaked documents pointing out that the company might fire more of its staff to reach a workforce number of 800 employees, implying that 150 more employees could be laid off to reach this goal. The company had 950 employees at the moment of the leak.

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Crypto exchange Gemini undertakes second round of layoffs: TechCrunchCrypto exchange Gemini has reportedly undertaken another round of layoffs after laying off 10% of its staff in early June. Get your coins off all exchanges. Iove Gemini but no one is too big to fail. It had 950 employees? Why? The next bull run when they go on a hiring spree, people should tell them to fuck off for lack of loyalty. The same goes for Coinbase.
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Ireland Greenlights Gemini to Provide Crypto Services in the CountryGemini became the first crypto exchange authorized to operate as a Virtual Asset Service Provider (VASP) in Ireland.
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Crypto Layoffs: OpenSea, Blockchain.com, Coinbase, Gemini Among Firms Forced to Make Mass Job CutsAs a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff. feels bad ngl
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