Pa Daily Hodl - 1 ane de sa - Tan Lekti: 2 minit
Kontinye Crypto Winter Fòs Kraken Echanj Pou Redwi Mendèv pa 30%
Digital asset exchange Kraken is downsizing its workforce as a means of staying afloat during the ongoing crypto winter that continues to pummel the industry.
In a new statement, Kraken co-founder and former CEO Jesse Powell di that the current macroeconomic and geopolitical conditions have resulted in significantly lower trading activities and sign-ups on the platform.
The executive says that Kraken has exhausted all other means to align costs with demand, compelling the company to let go of 1,100 workers or 30% of its employees.
“As one of the longest running global crypto exchanges, founded in 2011, we have successfully navigated many market cycles and our strategy has always included thoughtful cost management and spending.
These changes will allow us to sustain the business for the long-term while continuing to build world-class products and services in selective areas that add the most value for our clients.”
Departing employees will receive separation pay, healthcare coverage for the next four months, performance bonuses for eligible individuals, extended windows to exercise vested stock options, immigration support for those on company-sponsored visas and outplacement support.
Kraken announces the retrenchment after agreeing to pay a fine of $362,159 to rezoud with the Treasury Department’s Office of Foreign Assets Control (OFAC) over its alleged violation of sanctions against Iran.
Earlier this month, fellow crypto exchange giant Coinbase announced it is also mete deyò some of its employees to more effectively manage its expenses amid the bear market.
Don't Miss a Beat - Ban-m pran abònman yo ka resevwa kouryèll alèt imèl lage dirèkteman nan bwat resepsyon outcheke Aksyon Pri
Swiv nou sou Twitter, Facebook ak Telegram
Navige Chak jou Hodl Mix la
Tcheke Tit dènye nouvèl la
Limit responsabilite nou: Opinyon ki eksprime nan chak jou Hodl la se pa konsèy envestisman. Envestisè yo ta dwe fè dilijans yo anvan yo fè nenpòt ki envestisman ki gen gwo risk nan Bitcoin, cryptocurrency oswa byen dijital. Tanpri dwe avize ke transfè ou ak echanj yo se sou pwòp risk ou, ak nenpòt ki pèdi ou ka antrene yo responsablite ou. Hodl chak jou pa rekòmande pou achte oswa vann nenpòt kriptoksèr oswa byen dijital, ni se chak jou Hodl yon konseye envestisman. Tanpri sonje ke Hodl chak jou patisipe nan maketing afilye.
Featured Image: Shutterstock/DigitalAssetArt
Post a Kontinye Crypto Winter Fòs Kraken Echanj Pou Redwi Mendèv pa 30% parèt premye sou Chak jou Hodl la.
Sous orijinal: Chak jou Hodl la