Naga Avan-Nomayo / The Block:

Gemini exits the UK, EU and Australia and cuts 25% of staff, as the crypto exchange refocuses on the US due to foreign markets proving “hard to win”  —  Quick Take  — Gemini links its latest layoffs to a push for a leaner, more automated operating model, saying increased use of AI lets it run faster with fewer staff.

Naga Avan-Nomayo / The Block:

Gemini exits the UK, EU and Australia and cuts 25% of staff, as the crypto exchange refocuses on the US due to foreign markets proving “hard to win”  —  Quick Take  — Gemini links its latest layoffs to a push for a leaner, more automated operating model, saying increased use of AI lets it run faster with fewer staff.

Source: TechMeme
Source Link: http://www.techmeme.com/260205/p26#a260205p26