Exodus to cut 25% of global workforce in payments shift
This restructuring is part of a strategy to build a full-stack payments platform following the company’s acquisitions of Monavate and Baanx.
Make preferred on
Share this article
Summary
- Exodus is laying off 25% of its global workforce to reduce costs while pivoting its business focus toward stablecoin payments and card infrastructure.
- This restructuring is part of a strategy to build a full-stack payments platform following the company’s acquisitions of Monavate and Baanx.
- The company anticipates $10 million to $13 million in annual cash operating expense savings by 2027, with restructuring charges of $3.5 million.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
