According to Techub News, according to The Block, the cryptocurrency payment infrastructure company MoonPay laid off 10% of its employees due to "excessive cost structure and lower-than-expected operating margins". MoonPay co-founder and CEO Ivan Soto-Wright said that the layoffs occurred despite MoonPay's "good financial condition, strong strength, and many years of development in the future." According to LinkedIn records, MoonPay has about 300 employees.