pedro🎭
@muffinlovers
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Cryptocurrency exchange Kraken has cut its workforce by 15%, or about 400 employees, the New York Times reported, citing two people familiar with the matter.
According to them, the layoffs affected about 400 of the company's roughly 2,600 employees. In particular, the layoffs affected Chief Operating Officer Gilles BianRosa and Chief Technology Officer Vishnu Patankar.
In addition, Kraken appointed Arjun Sethi as co-CEO, he will work together with Dave Ripley.
"To continue to move forward and make Kraken the largest crypto platform in the world, we need to get faster. […] We are also implementing changes that fundamentally change how we innovate, build, and ship products to customers," the blog post said.
The statement also said that Kraken increased net revenue to more than $1 billion, but the company has become too complex in its management structure. The changes are aimed at refocusing employees on "creating rather than managing," the blog said. 0 reply
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