Kraken announced a "new day" with the appointment of Arjun Sethi as the new co-CEO and major changes in management. According to unconfirmed reports, 15% of employees have been laid off. Sethi, co-founder of Tribe Capital, has been on Kraken's board since 2021.

- "We need to be faster and more efficient," Kraken writes in a blog post.

- Recent layoffs: Consensys - 162 employees, dYdX Trading - 35%.

It seems this is not the best time to work in the crypto industry. 😬