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DCG-owned crypto exchange Luno axes 35% of staff, citing market turbulence
Cryptocurrency exchange Luno is the latest company in the industry to make layoffs, setting out to cut 35% of its global workforce. The London-based firm’s CEO, Marcus Swanepoel, informed employees of the redundancies at 12 p.m. London time on Wednesday in a live-streamed town hall. “2022 has been an incredibly tough year for the broader tech industry and in particular the crypto market,” the company said in a statement shared with CNBC Wednesday. “Luno unfortunately hasn’t been immune to this turbulence, which has affected our overall growth and revenue numbers.” Luno has a total headcount of roughly ... (full story)
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- Posted: Jan 25, 2023 2:09pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 226
