Kraken Crypto Exchange Cuts 30% of Workforce, Binance CEO Makes Indirect Tweet

Cryptocurrency exchange Kraken has announced a major job cut, laying off 30% of its workforce or 1,100 people. Meanwhile, Binance CEO CZ warned users in a now-deleted Tweet to beware of platforms that "have layoffs." In a Wednesday blog post, Kraken co-founder and CEO Jesse Powell said they are laying off around 1,100 people in an attempt to "adapt to current market conditions." He claimed that the reduction brings the platform's team size back to where it was one year ago. ... Read More: Kraken Crypto Exchange Cuts 30% of Workforce, Binance CEO Makes Indirect Tweet