Home›Crypto›Market Structure›Benchmark backs Exodus after the company cuts 25% of s…

Benchmark backs Exodus after the company cuts 25% of staff

Exodus said its restructuring is expected to generate $10 million to $13 million in annualized cost savings, as the market focuses on its stablecoin strategy.

Reported · Written up by our desk · Market Structure

The Block reports that Benchmark has backed Exodus following the companys decision to cut its workforce by 25%.

Exodus said the restructuring is expected to drive $10 million to $13 million in annualized cost savings.

The companys stablecoin pivot is also being positioned as a key part of the turnaround, with Benchmark arguing that it has been overlooked.

More like this

Sources