Genesis terminated 30% of its workforce on Thursday, bringing the embattled cryptocurrency firm to 145 employees, a company spokesperson told Insider. Layoffs were concentrated in the business ...

Crypto broker and lender Genesis Trading has laid off 30% of its staff as the firm struggles after several setbacks in 2022, the Wall Street Journal first reported on Thursday afternoon.

A person familiar with the matter said Genesis eliminated about 30% of its workers, taking it down to 145 employees. Genesis previously cut 20% of its workforce of 260 in August. The sales and ...

“As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally,” a spokesperson told Bloomberg. News of the layoffs ...