Crypto lender Genesis lays off 30% more staff: Report By Cointelegraph
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Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months.
According to a Jan. 5 Wall Street Journal report, Genesis reduced its staff by 30% following the platform suffering losses from loans to Alameda Research and Three Arrows Capital. An update to its clients on Jan. 4 said the firm planned to reduce costs as part of its business plans.
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Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months.
According to a Jan. 5 Wall Street Journal report, Genesis reduced its staff by 30% following the platform suffering losses from loans to Alameda Research and Three Arrows Capital. An update to its clients on Jan. 4 said the firm planned to reduce costs as part of its business plans.
Continue Reading on Coin Telegraph
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