Svmuu News: Exodus will lay off 25% of its global workforce to cut costs and shift its business focus to stablecoin payments and card infrastructure.
The company stated that this restructuring is part of its strategy to build a full-stack payment platform following its acquisitions of Monavate and Baanx. The company expects to save $10 million to $13 million annually in cash operating expenses by 2027, with restructuring costs totaling $3.5 million.
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Exodus Cuts 25% of Its Global Workforce, Shifts Focus to Stablecoin Payments and Card Infrastructure
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Source：Odaily · Source Link
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