Kraken cuts 30% of staff to ‘weather crypto winter’

Kraken’s the latest crypto firm to announce mass layoffs amid the crypto downturn. 

“We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market conditions,” the firm said in a blog post. 

Coinbase kicked off layoffs in June at the beginning of the crypto downturn.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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