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TEXXR

Chronicles

The story behind the story

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US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions”

Danny Nelson / CoinDesk :

CoinDesk Danny Nelson

Discussion

  • @jeffjohnroberts Jeff Roberts on x
    Kraken laying of 30% of staff to weather crypto winter. Sad but glad to see @jespow et al are doing right by laid-off employees w/proper severance https://blog.kraken.com/... https://twitter.com/...
  • @jespow Jesse Powell on x
    Rough day at @krakenfx. Headcount rolled back 12 mos. Macro was already tough and we held out but recent industry woes diminished near-term optimism about a crypto rebound. Better positioned now. Glad we were able to take good care of our former colleagues. Been a privilege. 🙇‍♂️…