Gemini laid off another 10% of its staff, according toreportreferring to a message sent to employees on Monday The news comes amid the company’s dispute with crypto lender Genesis and parent company DCG over their role in the Gemini Earn rewards program.
With the deteriorating macroeconomic conditions and “An unprecedented fraud” in the crypto industry Causing the company to reduce the number of employees The layoffs mark the third round of cuts the company has undertaken in the past eight months, co-founder and chairman Cameron Winklevoss said.
Gemini, founded by Cameron and Tyler Winklevoss, recently feuded with parent company DCG after it was forced to halt and terminate Earn, which came after subsidiary Genesis temporarily suspended withdrawals before filing for bankruptcy earlier this month. Gemini Onbreastcustomers that the bankruptcy process will be “Critical steps that will enable us to recover your assets” and have establishedboardConsultants to help coordinate and support problem solving.
refer : LINK
The post Gemini lays off 10% of staff amid troubles with Genesis, DCG appeared first on Bitcoin Addict.