This week, Kraken exchange joined fellow crypto startups Consensys and DYDX in downsizing its headcount. The San Francisco-based firm welcomed a new co-CEO in Tribe Capital co-founder Arjun Sethi and announced “organizational discipline decisions to tackle” issues.
While the New York Times’ Mike Isaac, who first reported the news, did not specify the positions affected by the layoffs, Kraken’s press statement and social media discussions suggest the cuts primarily impacted C-suite staff and managers. According to a blog post, certain organizational structures had discouraged some team leaders from innovating.
https://crypto.news/kraken-joins-crypto-exodus-with-15-layoffs/