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

10 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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