Luno to Cut 20% of Global Workforce Amid Restructuring

DCG-owned crypto exchange Luno confirms a global 20% staff reduction to pivot toward B2B services and lower costs, signaling strategic realignment in a tight market.

Woofun AI reports that Luno, the cryptocurrency exchange platform owned by Digital Currency Group, will reduce its global workforce by approximately 20% as part of a restructuring initiative. CEO James Lanigan confirmed the move, stating it aims to adjust the business layout by expanding business-to-business services and reducing costs in response to current market conditions. He declined to specify the exact number of employees affected.