Market Cap: $3,463,566,586,603
24h Vol: $230,381,259,112
Cryptocurrencies: 27840
Markets: 116117
Cryptocurrencies: 27840
Markets: 116117
Market Cap: $3,463,566,586,603     
24h Vol: $230,381,259,112
Seeking Alpha 2023-01-05 17:41:11

Troubled crypto broker Genesis is said to cut 30% more of staff

Troubled crypto broker Genesis is said to cut 30% more of staff
Genesis Global Trading, the struggling cryptocurrency brokerage and lender, laid off 30% of its workforce in a second round of job cuts, The Wall Street Journal reported Thursday, citing people with knowledge on the matter. The layoffs come after the crypto trading firm's CEO reportedly sent out a letter to clients Wednesday saying it's still working to sort out its poor financial health, including implementing cost-cutting measures, in the wake of a tough environment for the wider crypto ecosystem. In August 2022, Genesis' Michael Moro dropped his CEO role as crypto broker reduced 20% of workforce .
esptco-banner img
Latest News

Videos

  • Ethereum Explained: What is Ethereum & How Does it Work? Simply Explained!

  • Spot Trading vs P2P Trading!

  • Ethereum Classic (ETC): What is Ethereum Classic (ETC)? EXPLAINED!

  • DCA: Dollar Cost Averaging in Crypto

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire