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Cryptocurrency trade Luno is to chop 35% of its workforce, citing the “extremely robust 12 months” affecting the crypto market.
Luno mentioned the cuts will have an effect on workers in all areas.
“2022 has been an extremely robust 12 months for the broader tech business and specifically the crypto market,” Luno mentioned Wednesday. “Luno sadly hasn’t been proof against this turbulence, which has affected our general development and income numbers.
Luno is owned by Digital Forex Group (DCG), additionally the dad or mum firm of CoinDesk.
Study extra about Consensus 2023, CoinDesk’s longest-running and most influential occasion that brings collectively all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and purchase your move now.
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