Crypto trading firm quietly cut 44% of its New York staff

Posted by PSR_AXP 9 mths ago

Crypto trading desk Genesis Global has been making significant changes to its business. It made cuts to its product offering last week when it announced it was shuttering its spot trading operations, but the fintech firm has also made substantial cuts to its headcount.

A WARN notice filed at the start of June revealed that Genesis was cutting 39 out of 89 people, roughly 44% of its headcount, from its Park Avenue office in New York. The cuts came into effect at the start of September.
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