Kraken Sacks 15% Of Staff—A Strategic Pivot For Growth Or A Risky Gamble?

Quick Summary:

An American cryptocurrency exchange announced that it will streamline its operations and make changes in its organizational structure as it aims to become the world’s largest crypto platform. As part of the changes, the Kraken crypto exchange will downsize its workforce by at least 15%.

Ripley said that he and Sethi have already worked closely with each other for many years, expressing confidence in what Sethi can bring to the table.“I’m excited to team up with him as we chart Kraken’s next phase of growth,” he added.

In a statement, Kraken stated that the goal of the corporate restructuring is to make innovation the cornerstone of their operations.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: Digital currency Crypto News Bitcoin Kraken Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 07:00:56 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23368790

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Official Website: bitcoinist.com

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