Luno cuts 20% of staff as crypto layoffs spread across 12 firms in July

Bearish-17.77%

30 Jul, 04:13

Source: Cointelegraph

AI Summary

Crypto industry faces widening layoffs with Luno cutting 20% of staff and Gnosis among 12 firms reporting job cuts in July, signaling sector contraction.

Luno cuts 20% of staff as crypto layoffs spread across 12 firms in July

Luno and Gnosis joined a widening round of crypto restructurings in July, when at least 12 companies reported job cuts.