Gemini has cut staff by 30% this year

Cryptocurrency exchange Gemini has reduced its workforce by approximately 30% this year through a series of layoffs. According to Bloomberg, the company is also implementing artificial intelligence systems to enhance productivity. These moves follow Gemini's earlier withdrawal from markets in the United Kingdom, the European Union, and Australia, as well as a major overhaul of its executive team that included replacing its chief operating officer (COO) and chief legal officer (CLO).