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Just In: DCG Owned Crypto Exchange Luno Lays Off 35% Of Employees

source-logo  coingape.com 25 January 2023 12:08, UTC

Luno Layoff News: In yet another sign of continuing market contagion that began with the Genesis bankruptcy, a crypto exchange belonging to the Digital Currency Group (DCG) announced layoffs. The exchanges cited market turbulence for the decision to layoff around 35% of the company’s global headcount. This comes within a week after Consensys, the company behind MetaMask, announced reducing its staff count due to market slowdown. However, in a relief to the crypto market that went through a bad year in 2022, the current rally is giving positive momentum.

coingape.com