Crypto Lender Genesis Considers Bankruptcy, Lays Off 30% of Staff
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Genesis Billionaire-Backed Crypto Lender Axes 30% Of Jobs Months After Laying Off 20% Of Staff - GRAYSCALE ETHRM TR ETH by Grayscale Ethereum Trust (ETH) (OTC:ETHE)
As the crypto lending industry faces increasing financial pressure, Genesis Trading, a subsidiary of Digital Currency Group (DCG), announced a 30% reduction in its workforce, as reported by CNBC. The move followed the layoff of 20% of Genesis staff last year and the replacement of its CEO. The total number of job cuts now stands at 145. What Happened: The decision came after Genesis hired bankruptcy professionals following the collapse of FTX a…
·New York, United States
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Total News Sources27
Leaning Left4Leaning Right3Center14Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 19%
C 67%
14%
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