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Luno Layoffs to Affect 20% of Staff Worldwide Amid Restructuring
['Fintech News Singapore']
Fintech Singapore
Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxCrypto exchange Luno is laying off about 20% of its global workforce as it cuts costs.
Chief Executive Officer James Lanigan confirmed the move to Bloomberg but did not disclose how many employees would be affected.
Luno would provide wallet infrastructure, access to liquidity and compliance capabilities.
Customers can create or link a Luno account and buy or sell cryptocurrencies through the bank’s app.
Featured image: Edited by Fintech News Singapore, based on image by design25boss via Magnific