Exodus is slashing 25% of its global workforce to fuel a bold pivot toward becoming a full-stack payments powerhouse, aiming to slash $10M–$13M in annual operating costs by 2027. The move follows key acquisitions of Monavate and Baanx, designed to supercharge its crypto and e-money capabilities. While layoffs will cost $2.5M–$3.5M pre-tax in severance and support, affected employees will receive packages and transition aid. Though its stock edged up in early trading, it remains down year-over-year — signaling a painful but strategic transformation to dominate the next-gen payments landscape.
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