Gemini eyes further staff cuts to control costs amid crypto winter
Seven weeks after announcing a 10% headcount reduction to survive the winter, crypto exchange Gemini is going for the second round of layoffs to fire another 15%, to cut the costs even more, TechCrunch reported, citing sources. Gemini founders Cameron and Tyler Winklevoss did not comment on the subject yet. A firing spree in the cryptosphere started with Gemini’s first layoff announcement in early June. Soon after, many crypto companies announced they were downsizing, including Coinbase, Crypto.com, Robinhood, BlockFi, and Bitmex. Meanwhile, the U.S. Financial Industry Regulatory Authority (FINRA) announced it is on the lookout to hire people who a crypto firm recently laid off.
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