° Who: Kraken, a leading crypto exchange ° What: 15% of its workforce laid off °Why: Part of an industry trend of crypto firms downsizing amid market turbulence ° Impact: Aligns with similar moves by other major players, signaling shifts in the industry
Kraken, riding the waves of crypto’s wild market, recently trimmed 15% of its workforce. This decision, though unfortunate for those affected, reflects broader shifts as companies brace for economic uncertainties. While it’s easy to get lost in the bleak outlook, this shift could mean positive changes for the industry's long-term resilience. With Kraken positioning itself for sustainability, these adjustments might set the stage for a new crypto era — leaner, smarter, and ready to thrive in the next big bull run.
Kraken is focusing to INK chain? They will need to change some of the managers to insert builders.
Now their goal is to decentralize and become government resistant, benefit from the on-chain fees and ecosystem. Show Less
