Luno Axes 20% of Global Staff Amid Restructuring Effort

Crypto exchange Luno is undergoing a restructuring effort that will result in the cutting of about 20% of its global staff. The decision was made by Chief Executive Officer James Lanigan, who stated that the company would be scaling up its business-to-business unit and trimming costs to align with current market conditions.

Lanigan declined to provide further details on the exact number of employees affected by the layoffs.