Wu Blockchain (@WuBlockchain): In preparation for its U.S. IPO, Kraken has laid off hundreds of employees across various business units over the past few months as part of ongoing o…
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In preparation for its U.S. IPO, Kraken has laid off hundreds of employees across various business units over the past few months as part of ongoing organizational streamlining. Last October, the company cut 400 jobs, representing approximately 15% of its workforce. Sources familiar with the matter indicated that layoffs have continued since then, aiming to improve EBITDA performance. coindesk.com/business/2025/…