Exodus Cuts Workforce by 25% Amid Restructuring for Full-Stack Payments Platform
Omaha-based cryptocurrency wallet firm Exodus Movement (EXOD) announced a workforce reduction of approximately 25%, citing the need to align costs with its strategy as it transitions into building a full-stack stablecoin payments infrastructure. The company expects restructuring charges between $2.5 million and $3.5 million but anticipates annual savings of $10–$13 million by 2027.
Tickers: $EXOD
Topics: crypto Exodus Movement layoffs restructuring