Kraken has cut its global workforce by 30%, or around 1,100 employees.
Outgoing Kraken founder and CEO Jesse Powell said the exchange had no other option than to bring high costs in line with dwindling demand.
Powell said he remains optimistic about the future of Kraken and the crypto industry in general.
One of the largest centralized crypto exchanges, Kraken, has cut 30% – or around 1,100 employees – of its global workforce amid the deepening crypto bear market.
Outgoing Kraken founder and CEO Jesse Powell said in a blog post published on Wednesday that over the last few years the company grew three-fold to be able to serve a rapidly growing customer base.
However, Kraken has been struggling to operate efficiently during the brutal crypto winter that’s seen multiple firms going bust, the largest of them being the exchange’s competitor FTX. This forced the exchange to make the decision to fire almost a third of its employees, bringing the team size back to where
We współpracy z: https://dailycoin.com/kraken-to-cut-30-of-its-global-workforce-as-crypto-layoffs-intensify/
