San Francisco, California-based Kraken, a United States–based cryptocurrency exchange, has announced another restructuring, the appointment of a new co-chief executive, and a 15% percent reduction in force.
The reduction will impact approximately 400 employees.
Co-CEO Arjun Sethi AND co-CEO Dave Ripley blogged, "To continue forging our path ahead and put Kraken in contention to become the largest crypto platform in the world, we need to be leaner and faster. We are making organizational discipline decisions to tackle this problem and eliminate layers. The next chapter of Kraken starts today”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?