Kraken Joins Crypto Industry Layoffs with 15% Workforce Reduction

Kraken Joins Crypto Industry Layoffs with 15% Workforce Reduction

In a move reflecting widespread retrenchment across the crypto sector, San Francisco-based Kraken has announced layoffs impacting 15% of its workforce. According to sources cited by The New York Times, this decision aligns Kraken with other major players, including ConsenSys and DYDX, that have also cut staff in recent weeks. Kraken's recent leadership change with the appointment of Arjun Sethi, Tribe Capital co-founder, as co-CEO accompanies...

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