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Kraken announces layoff, appoints Tribe Capital co-founder as new co-CEO amid restructuring – TON BOT

TON BOT

Kraken announces layoff, appoints Tribe Capital co-founder as new co-CEO amid restructuring

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Kraken announced layoffs as part of organizational changes to streamline operations and refocus its mission. Arjun Sethi was appointed co-CEO. The layoffs impacted 15% of the workforce. The restructuring aims to reduce bureaucracy, enhance product innovation, and improve decision-making. Despite the layoffs, Kraken remains committed to driving global crypto adoption.

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