DCG-Owned Crypto Exchange Luno Just Laid-Off 35% of Its Workforce – Here’s Why

Cryptocurrency exchange Luno, which is owned by crypto conglomerate Digital Currency Group, has slashed 35% of its global workforce. The company, which has offices in Africa, Southeast Asia, and Europe, reportedly informed employees during a live-streamed town hall on Wednesday. “2022 has been an incredibly tough year for the broader tech industry and in particular the crypto market,” Marcus Swanepoel, CEO of the exchange, reportedly said in an internal memo, adding:... Read More: DCG-Owned Crypto Exchange Luno Just Laid-Off 35% of Its Workforce – Here’s Why