Published 1 year ago

DCG's crypto exchange Luno to cut 35% jobs amid harsh crypto winter

Summary by Ground News

Luno, a London-based cryptocurrency exchange, is slashing 35% is global workforce. The company cited "an incredibly tough year for the broader tech industry" The firm is owned by Digital Currency Group ("DCG"), the crypto-focused conglomerate. On Jan. 20, crypto broker Genesis filed for bankruptcy protection.

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Times of India

DCG's crypto exchange Luno to cut 35% jobs amid harsh crypto winter

More than a trillion dollars in value was wiped out from the crypto sector last year, with rising interest rates exacerbating worries of an economic downturn. The crash led to high-profile bankruptcies of key industry players such as crypto hedge fund Three Arrows Capital and Celsius Network.

1 year ago·India

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Reuters

DCG's crypto exchange Luno to cut 35% jobs amid harsh crypto winter

Digital Currency Group-owned Luno said on Wednesday it would cut 35% of its total workforce, the latest in a slew of companies in the digital assets sector to reduce headcount to weather a slump in the cryptocurrency market.

1 year ago·United Kingdom

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CNBC

DCG-owned crypto exchange Luno axes 35% of staff, citing market turbulence

London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a live-streamed town hall.

1 year ago·United States

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Seeking Alpha

Crypto exchange Luno cuts 35% of workforce as DCG ensnarled in FTX fallout

Luno, a London-based cryptocurrency exchange, is slashing 35% is global workforce, CNBC reported Wednesday, marking it the latest firm in the languishing industry to make job...

1 year ago·United States

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