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DOMAINS TOKEN-G

Ronald Maguire

02 June 2022 215 Read Crypto

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Gemini Layoffs 10% of Its Employees

Gemini, the world's leading cryptocurrency trading platform, will lay off 10% of its employees, or about 100 of them. The reason for the layoffs is the declining trading volume of the crypto exchange. Founded in 2014 by brothers Tyler and Cameron Winklevoss, Gemini announced its first layoff in 8 years.

Bear Market is a Factor

Due to the state of the crypto market and macroeconomic conditions, around 100 people lost their jobs in Gemini. Gemini expects the current market conditions to continue for a while. Like Gemini, Robinhood aims to lay off 9% of its employees.

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