Exodus Cuts 25% of Global Workforce in Shift to Full-Stack Payments Platform

Crypto wallet company Exodus has announced it will cut 25% of its global workforce as part of a restructuring strategy. The layoffs follow the company's acquisitions of Monavate and Baanx, and are aimed at building a full-stack payments platform. The move is intended to allow Exodus to handle payments end-to-end in-house.