Crypto
Crypto industry restructuring spreads as Luno cuts 20 percent of workforce
Crypto exchange Luno will cut about 20 percent of its global workforce as restructuring spreads across the sector. Cointelegraph reported that Luno is reorganising to allocate more resources to institutional clients, financial infrastructure and business-to-business services. Chief Executive James Lanigan said automation investment and broad operational improvements have changed resource needs. Luno plans to reduce costs while continuing to invest in compliance, core infrastructure and retail products.
