Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida.
Joe Raedle | Getty Images
Crypto exchange Gemini will reduce its headcount by 10%, a spokesperson told CNBC on Monday.
It’s at least the third round of cuts in less than a year for Gemini, which was co-founded by twins Cameron and Tyler Winklevoss, and unlike many of its peers, is subject to New York banking regulation.
Gemini had 1,000 employees as of Nov. 2022, according to PitchBook data, suggesting around 100 people lost their positions. TechCrunch reported that Gemini had previously trimmed its headcount by 7% in Jul. 2022, following a 10% staff a month earlier.
Other crypto firms like Crypto.com, Coinbase, Kraken, and Genesis have eliminated positions since Nov. 11, the day that Sam Bankman-Fried’s crypto exchange FTX filed for bankruptcy. In early January, Coinbase slashed 20% of its workforce in a second major round of job cuts in an…
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