Analyst Cuts Price Target for Crypto Firm Following Major Layoffs
Exodus Movement, Inc. (EXOD) announced a reduction of approximately 25% of its global workforce to focus on becoming 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 million-$13 million by 2027.
Tickers: $EXOD