MoonPay cuts 10% of its staff as profit margins fall short of expectations

According to Foresight News, according to The Block, the crypto payment infrastructure company MoonPay has laid off 10% of its employees due to high cost structure and lower-than-expected operating profit margins. According to LinkedIn records, MoonPay's current number of employees seems to be around 300, and 10% of its employees seems to be about 30 people.