• Digital Currency Group's crypto exchange axes 35% of its staff in the latest round of industry layoffs

    12 days ago - By Business Insider

    Quiet layoffs are underway. simplehappyart/Getty Images
    Luno cut 35% of its workforce, citing an "incredibly tough year" for cryptocurrency markets.
    The company maintains that customer funds are safe and the exchange's operations will continue normally.
    There has been a slew of crypto layoffs recently, including cuts at Coinbase and Genesis.
    Luno, the crypto exchange owned by Digital Currency Group , laid off 35% of its workforce on Wednesday, citing harsh market conditions that impacted growth and revenue. "2022 has been an incredibly tough year for the broader tech industry and in...
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