Kraken's exchange reduces 1 100 Human – Bits Media

The leadership of the large American cryptocurrency exchange Kraken reported plans to reduce 1 100 employees - this is about 30% from the total number of personnel site.

The article on the company's blog reports, that the decision was made to "adapt to current market conditions ". Representatives of the exchange emphasize, that "will do everything to help abbreviated employees in finding new opportunities". Staff, Caught under reduction, Already received notifications. Moreover, the article emphasizes, that after reduction 30% personnel the number of employees will return to the indicator of a year ago.

“Since the beginning of the year, macroeconomic and geopolitical factors have significantly influenced financial markets. This led to a strong decrease in the volume of trading and the number of new users. We noticeably limited the reception of new employees and abandoned large marketing campaigns. Unfortunately, The pressure on the financial markets continues and we have exhausted options for reducing costs ", - said in the message CEO of Kraken Jesse Powell (Jesse Powell).

All employees, Leaving Kraken, will receive compensation in the amount of the salary for 4 months, as well as for unused vacation. There will also be additional payments for the efficiency and payment of premium. The exchange will also provide intangible support, eg, In the design of immigration for employees, entering the country on a working visa.

Recently reported, that the Kraken exchange settled claims with the Office for Monitoring foreign assets (I DO IT) For violation of US sanctions against Iran.