DCG subsidiary Luno releases 35 % of employees (report)

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Von: Krypto News Österreich

The cryptocurrency platform based in London-Luno-will report on the size of your team by over 330 people.

It adds its name to the growing list of industry players, the employees released due to the Baisse, including Coinbase, Crypto.com, Bybit, Huobi, Gemini and more.

  • According to CNBC reporting, Luno will reduce its number of employees from 960 to around 630.

"2022 was an incredibly hard year for the broader technology industry and especially for the cryptom market. Unfortunately, Luno was not immune to these turbulence, which had an impact on our overall growth and our sales figures," said a spokesman for the trading center.

  • Several other cryptocurrency exchanges have already forced redundancies. coin base 18 % last year and another 950 employees released at the beginning of this month. by-span> (30%), huobi span data-press-spaces = "true ">), bitmex (30%) and krypto.com are also part of this Clubs.
  • Luno is under the roof of the needy Digital Currency Group. In addition to the headquarters in London, the company has branches in Europe, Africa and Southeast Asia.
  • DCG-one of the numerous cryptocurrency companies that have been recorded by the FTX domino effect-must be completed with several problems.
  • The company released 10 % of its employees last year and closed its wealth management division. One of her subsidiaries - Genesis - requested insolvency protection, whereupon the co -founder of Gemini - Cameron Winklevoss - threatened to sue CEO Barry Silbert:

"If Barry and DCG do not come to reason and make the creditors a fair offer, we will shortly submit a lawsuit against Barry and DCG," he said.

  • Winklevoss previously claimed that the Digital Currency Group genesis owe over $ 1.6 billion dollar, and accused Silbert of causing this "mess". He also asked the DCG board to remove it immediately.

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