Gemini's Winklevoss Brothers Blame Crypto Winter for 10% Staff Cut.
03 Jun 2022, 08:00
Gemini’s Winklevoss Brothers Blame Crypto Winter for 10% Staff Cut
Gemini Trust is beginning to experience the effects of the recent market crash as the Winklevoss Twins-led company cut 10% of its staff. This is the first series of layoffs that the Gemini Exchange has executed and is a sign of the tough times the market is going through.
The layoffs are a direct result of the market crash, what was termed the “contraction phase.” The two brothers sent a memo to employees, which Bloomberg managed to get a hold of. The memo said,