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Bitcoinist

2022-12-01 13:21:20

Crypto Winter Casualties Continue: Kraken To Lay Off Over 1,000 Employees

Crypto Winter Casualties Continue: Kraken To Lay Off Over 1,000 Employees

Kraken, the world’s third-largest exchange by trading volume, announced cutting off its workforce by 30% to deal with current market conditions. Specifically, the San-Francisco based company has reduced its staff by 1,100 employees. When the crypto market was already facing long-lasting winter, the FTX fiasco added fuel to the fire by pulling down the Bitcoin

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