In the 3rd round of layoffs since June, @Gemini Cutting Another 10% of Staff.
23 Jan 2023, 18:03
In the 3rd round of layoffs since June, @Gemini Cutting Another 10% of Staff. This heavy attrition is also prevalent at @coinbase & @krakenfx The REAL REASON is hi operating leverage. Fixed costs are too hi a % of overall costs, so <revs = >losses
Same news in other sources
123 Jan 2023, 18:06
This doesn't even take into consideration the fact that ALL of these exchanges are nigh guaranteed to be infringing on the claims of foundational DeFi patents, thus, either revenues or overstated, or expenses are understated - at least in my humble, non-legally educated opinion!
In the 3rd round of layoffs since June, @Gemini Cutting Another 10% of Staff. This heavy attrition is also prevalent at @coinbase & @krakenfx The REAL REASON is hi operating leverage. Fixed costs are too hi a % of overall costs, so <revs = >losses
This doesn't even take into consideration the fact that ALL of these exchanges are nigh guaranteed to be infringing on the claim
This doesn't even take into consideration the fact that ALL of these exchanges are nigh guaranteed to be infringing on the claims of foundational DeFi patents, thus, either revenues or overstated, or expenses are understated - at least in my humble, non-legally educated opinion! https://t.co/jy4LblYIWq
In the 3rd round of layoffs since June, @Gemini Cutting Another 10% of Staff. This heavy attrition is also prevalent at @coinbase & @krakenfx The REAL REASON is hi operating leverage. Fixed costs are too hi a % of overall costs, so <revs = >losses https://t.co/xdzjBX2aEI