Crypto-trading firm Genesis lays off 30% more staff, CoinDesk reports

Genesis Global Trading, an institutional digital asset trading firm, laid off another group of workers on Thursday, wrote Tracy Wang for CoinDesk. The firm cut an additional 30% of staff "taking it down to 145 employees, after previously eliminating 20% "of its workforce of 260 in August," noted the CoinDesk story. "As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally," said a Genesis spokesperson, according to CoinDesk . Publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Blockchain (RIOT), Stronghold Digital Mining (SDIG), TeraWulf (WULF), Bitcoin Investment Trust (GBTC) and Nvidia (NVDA). Reference Link