Cryptocurrency exchange Luno, a subsidiary of Digital Currency Group (DCG), the giant investor of the cryptocurrency market, announced that it will reduce the number of personnel by 35%.
In a statement published by London-based Luno, the number of staff 35% reduction has been announced. According to data verified by official sources, in Luno There are 960 personnel working. In line with this data, when looking at the interruption rate 330 employees were laid off it’s understandable. Many subsidiaries of DCG, which have been struggling with liquidity problems for a while, were also directly affected by this situation.
The company has offices in London, Singapore, Cape Town, Johannesburg, Lagos and Sydney. customers and operations will not be affected by this situation. told.
In the statement made by the crypto money exchange, the following statements were made on the subject:
2022 has been an incredibly difficult year for the broader tech industry and the crypto market in particular. Unfortunately, Luno was not immune to this turbulence, which affected our overall growth and revenue figures. Given all the sensitivity and misinformation in the market at the moment, we also believe it is important to reiterate to everyone that client funds are safe.
As it will be remembered, Gemini, which suffered greatly from the financial crisis of DCG’s subsidiary Genes, announced that it would lay off due to bad macroeconomic conditions.