SCOOP: Crypto lender GenesisTrading cuts 30% of its workforce in latest layoffs. 0x_tracy reports
Genesis Global Trading laid off another round of employees on Thursday, a spokesperson for the crypto trading firm confirmed in a statement to CoinDesk.
A person familiar with the matter said Genesis eliminated about 30% of its workers, taking it down to 145 employees. Genesis previously cut“As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally,” a Genesis spokesperson said in a statement. “These measures are part of our ongoing efforts to move our business forward.
Genesis, a subsidiary of crypto conglomerate Digital Currency Group , has been harmed by the widespread market collapse resulting from failure of Sam Bankman-Fried’s FTX exchange. In November, Genesis
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