The cryptocurrency exchange platform Kraken has completed a round of layoffs, during which board member Arjun Sethi has been appointed as co-CEO. Kraken stated that undergoing organizational change is never easy, expressing gratitude to those who have helped them reach this point, and they will provide support for them during the transition period. New York Times reporter Mike Issac revealed that the layoff rate is 15%.

Foresight News reports that the cryptocurrency exchange Kraken has completed a round of layoffs, with board member Arjun Sethi appointed as co-CEO. Kraken stated, "Organizational change is never easy, and we understand the profound impact it has on people's lives. We are deeply grateful to those who have helped us get to where we are today, for their many contributions, and we will provide support to them during this transition period." New York Times reporter Mike Issac tweeted that "internal sources indicate the layoff rate at Kraken is 15%."

Kraken has completed a round of layoffs, and Arjun Sethi has been appointed as co-CEO.