Exodus lay off 25 per cent to stabilize currency payments and build card infrastructure

Exodus announced a 25 per cent reduction in global staff to reduce costs and shift the focus of operations to stable currency payments and card infrastructure. Following the acquisition of Monavate and Baanx, Exceldus built a full-storey payment platform, which is expected to save between $10 million and $13 million in annual cash operating expenses and $3.5 million in reorganization costs by 2027。