DCG-owned crypto exchange Luno axes 35% of staff

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DCG-owned crypto exchange Luno axes 35% of staff
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London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a livestreamed town hall.

London-based crypto exchange Luno informed employees of the redundancies at 12 p.m. GMT on Wednesday in a livestreamed town hall.

The company, which has offices in Africa, South East Asia and Europe, is part of the Digital Currency Group crypto conglomerate. The London-based firm informed employees of the redundancies at 12 p.m. London time on Wednesday in a livestreamed town hall. "Luno unfortunately hasn't been immune to this turbulence, which has affected our overall growth and revenue numbers."

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