US-based crypto exchange Gemini has cut its staff even further after laying off about 10% of its staff recently, TechCrunch has reported.
Whereas the company has not publicly announced any new cuts, it has reportedly fired 7% of its staff (68 employees).
According to a source, Gemini has decided to cut its staff due to “marginal spending cuts.”
According to a post published on July 14 on the anonymous Blind forum, the company planned to reduce its workforce from 950 to 800 people.
Gemini co-founder Cameron Winklevoss has said:
“It has come to my attention that at least one team member thinks it is a good idea to post a snippet of our technology operating plan on a third party site (Blind). Wow, super sucks… if you leak information about a company, you demonstrate a low level of consciousness and respect for your colleagues, who greatly benefit from the openness that we are trying to create and develop here.”