DCG-Owned Crypto Exchange Luno Lays Off 35% of Staff: CNBC

Crypto exchange Luno, owned by Digital Currency Group, cut 35% of its staff on Wednesday, CNBC reports, citing a live-streamed company townhall.

• Company has a total headcount of roughly 960, according to its LinkedIn profile, CNBC said
• The company told CNBC in a statement that Luno has not been immune to recent market turbulence which has impacted its overall growth and revenue numbers
• NOTE: Crypto Lender Genesis Files for Bankruptcy as Crisis Spreads (2)

To contact the reporter on this story:
Caitlin Fichtel in New York at cfichtel1@bloomberg.net

To contact the editor responsible for this story:
Max Zimmerman at ...