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Benchmark backs Exodus after 25% workforce cut, says stablecoin pivot is being overlooked
Benchmark supports Exodus following a 25% workforce reduction, highlighting the company's shift to stablecoins as an overlooked strategy. Exodus anticipates $10 million to $13 million in annual cost savings from the restructuring.
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Adjacent reporting
- Exodus to cut 25% of global workforce in payments shift
- BitGo cuts 15% of staff to refocus on AI infrastructure and stablecoins
- Robinhood announces it will reduce headcount by 10%, CEO seeks to avoid ‘heavily-layered’ organization
- Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1