BlockBeats news, on October 31, according to The Block, the cryptocurrency trading platform Kraken announced the appointment of board member Arjun Sethi as co-CEO, aiming to promote the company’s continued growth together with current CEO David Ripley.
“As a globally remote organization with over $1 billion in net revenue, we have fallen into the trap of creating organizational hierarchies and are making organizational discipline decisions to address this issue and eliminate hierarchies. We need to be leaner,” the company said in the announcement. , faster.”
New York Times technology reporter MikeIssac posted on X earlier that two internal sources said Kraken was laying off 15% of its employees. A Kraken representative declined to comment on the figure.
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