MoonPay Lays Off 10% of its Staff
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MoonPay, a company that provides infrastructure for crypto payments, has made the difficult decision to reduce its workforce by 10%.
In an email to employees, CEO Ivan Soto-Wright explained that this was due to the company’s high operational costs and lower than expected profit margins.
The exact number of employees affected was not disclosed, but it is estimated to be around 30 out of the company’s total workforce of 300.
Despite the layoffs, Soto-Wright reassured employees that MoonPay is still in a stable financial position with enough resources to sustain its operations for years to come.
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