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Crypto Exchange Gemini Reportedly Initiates Second Round of Layoffs

Just weeks after the exchange cut about 10% of its staff due to “turbulent market conditions,” Gemini has had to make a second round of staff cuts according to TechCrunch, and more may be on the way.
It is said that in this round, the company has laid off about 7% of its employees, or 68 workers.
Cryptocurrency exchange Gemini has reportedly fired 68 workers in a second round of staff cuts as the bear market continues.
Although the crypto market has shown some promise over the past couple of days and has returned to its trillion-dollar market cap, it is still too early to claim victory.
A number of other crypto firms including Crypto.com, Coinbase, and Bybit are also cutting staff amid the market volatility.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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