Gemini Plans to Cut Up to 25% of Its Workforce, Affecting U.S. and Singapore Markets

Odaily News: Cryptocurrency exchange Gemini announced plans to reduce its workforce by up to 25%, which will affect up to 200 positions globally, including employees in the United States and Singapore. Gemini co-founders Tyler and Cameron Winklevoss stated, "For various reasons, these overseas markets have proven difficult to win, and we find ourselves struggling with organizational and operational complexities, which have increased our cost structure and slowed us down." (Bloomberg)