Gemini Plans to Lay Off 10% Staff, Cites Bad Crypto Industry Actors
Cryptocurrency exchange Gemini has been going through a tough time recently. The exchange and its founders, the Winklevoss twins, were sued by the investors. The bankruptcy filing of Genesis also added to the ongoing struggles. The year 2023 was indeed a better beginning for cryptocurrency prices, as most of the cryptocurrencies rose by double digits. However, in anticipation of an impending recession, most tech behemoths and cryptocurrency firms began laying off workers. Read more: NYDFS Releases Guidance to Firms to Separate Customer Assets From Their Own Some of the major firms that laid off employees just in 2023 are Spotify, Google’s parent firm, Capital One, Microsoft, Amazon, Crypto.com, BlackRock, Coinbase, Goldman Sachs, Genesis Trading, and more. Now, according to the latest details obtained by The Information, the cryptocurrency firm is planning to lay off 10% of its staff. JUST IN: #Crypto exchange Gemini to fire 10% of its staff. — Watch...