DCG's crypto exchange Luno lays off 35% of staff
Blog iconCygnus
Jan 26
Luno, a cryptocurrency exchange owned by Digital Currency Group (DCG), has laid off 35% of its workforce, The Block reported. The company notified employees of the layoffs earlier today. Luno has a total workforce of 960, meaning the layoffs will result in more than 330 job losses. In a message shared with employees, Luno said the market turmoil impacted overall growth and revenue numbers. While the recession was anticipated and planned ahead of time, the scale and speed at which it all happe...

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