Kraken Parent Cuts Staff as $20B IPO Plans Face Market Pressure

Kraken parent Payward is cutting about 150 jobs as pressure builds around its planned U.S. stock market listing. The reduction affects roughly 5% of Kraken’s global workforce, which stands at nearly 3,000 employees. According to sources, the cuts are part of a wider effort to streamline the business before Payward returns to the IPO track. […] Read The Full Article Kraken Parent Cuts Staff as $20B IPO Plans Face Market Pressure On Coin Edition.