Exodus cuts 25% of workforce in major stablecoin payments pivot
Exodus Movement cut about 25% of its workforce, affecting roughly 54 positions, as it reorganizes around a stablecoin payments platform. The company cited market conditions and the integration of Monavate and Baanx. Exodus expects $10-13 million in annualized savings from the restructuring, with shares falling over 8% to about $4.62.
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