Crypto exchange Gemini executes second round of layoffs less than two months after axing 10% of staff

Just seven weeks after crypto exchange Gemini cut approximately 10% of its workforce due to “turbulent market conditions,” the startup has made the second round of layoffs, TechCrunch has learned, and there may be more on the way.

The company had not widely communicated the extent of Monday’s layoffs internally, leaving employees to speculate on the exact number of co-workers laid off in this most recent downsizing. A source close to the company noted that there was a reduction of 7%, or 68 members, in Gemini’s companywide Slack channel Monday morning.

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techcrunch.com/2022/07/18/crypto-exchange-gemini-executes-second-round-of-layoffs-less-than-two-months-after-axing-10-of-staff/