Benchmark backs Exodus after 25% workforce cut, says stablecoin pivot is being overlooked
Covered by 2 sources · 2 articles
2 outlets - including Crypto and Theblock - are covering this story. Exodus Movement has cut about 25% of its global workforce as the crypto wallet company reorganizes around a full-stack stablecoin payments platform. According to a July 17 company notice filed with the U.S. Securities and Exchange Commissio…
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Exodus cuts 25% of workforce in major stablecoin payments pivot
Exodus Movement has cut about 25% of its global workforce as the crypto wallet company reorganizes around a full-stack stablecoin payments platform. According to a July 17 company notice filed with the U.S. Securities and Exchange Commissio…
Benchmark backs Exodus after 25% workforce cut, says stablecoin pivot is being overlooked
Late Friday afternoon, Exodus said it expects the restructuring to generate $10 million to $13 million in annualized cost savings.