Crypto exchange Gemini will reduce headcount by 10%, a spokesperson told CNBC on Monday.
Crypto exchange Gemini will reduce its headcount by 10%, a spokesperson told CNBC on Monday.
Gemini joins a long list of crypto companies that have announced or deepened staffing cuts in the months after FTX's Nov. 2022 bankruptcy protection filing. It's at least the third round of cuts in less than a year for the exchange, which was co-founded by twins Cameron and Tyler Winklevoss. Tyler Winklevoss and Cameron Winklevoss , co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida.Crypto exchange Gemini will reduce its headcount by 10%, a spokesperson told CNBC on Monday.
It's at least the third round of cuts in less than a year for Gemini, which was co-founded by twins Cameron and Tyler Winklevoss, and unlike many of its peers, isGemini had 1,000 employees as of Nov. 2022, according to PitchBook data, suggesting around 100 people lost their positions. TechCrunch reported that Gemini had previously trimmed its headcount by 7% in Jul. 2022,
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