Gemini and Cameron and Tyler Winklevoss have reportedly laid off additional employees. After it was reported that cryptocurrency exchanges (cryptocurrency exchange) cut staff by 10%
In a Monday report from TechCrunch, the sourcesayThere are fewer than 68 employees in the company’s Slack channel, suggesting that the crypto exchange has cut about 7% of its more than 1,000 employees, and anonymous sources claim Gemini is still laying off employees as part of it. of “A huge cost reduction”
The Winklevoss brothers’ Gemini Trust previously reported cutting 10 percent of its workforce amid a bear market in June. due to the price of However, at the time of publication, Bitcoin (BTC) and Ether (ETH) prices have risen by more than 4% and 10% in the last 24 hours, respectively.
Amid the volatility of the crypto market, other major exchanges including Coinbase and Crypto.com also announced similar job cuts in June.
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