The US-based cryptocurrency exchange Kraken is laying off workers as part of organizational changes following the appointment of a new co-chief executive.

The US-based cryptocurrency exchange Kraken is laying off workers as part of organizational changes following the appointment of a new co-chief executive, according to a spokesperson for the company. The spokesperson would not comment on how many employees would be affected, nor the titles of those who were laid off. The job cuts come as Arjun Sethi, co-founder of venture firm Tribe Capital, takes over as co-CEO of the company alongside Dave Ripley.

Crypto Exchange Kraken Lays Off Workers as New Co-CEO Joins Firm