Kraken parent company Payward plans to lay off 150 employees

Techub News reports, according to CoinDesk, Payward, the parent company of cryptocurrency exchange Kraken, plans to lay off approximately 150 people as part of the company's optimization, restructuring, and IPO preparation. The layoffs aim to streamline team structure and improve operational efficiency in preparation for the planned initial public offering. Payward has not yet announced a specific timeline for the listing, but this restructuring indicates that it is actively adjusting to meet the standards of a publicly traded company.