Bakkt Layoffs
May 2024
Bakkt announced a layoff affecting 28 employees in May 2024. The company operates in the Crypto sector.
28
May 3, 2024
About
Bakkt, a cryptocurrency trading platform, announced layoffs on Friday, cutting 28 employees, which represents approximately 13% of its non-call center, full-time workforce. The company, operating in the fintech and crypto industry, is undertaking this reduction as part of broader cost-cutting measures amid market challenges. This move follows a trend of workforce adjustments in the tech and crypto sectors, with Bakkt's shares rising slightly in response to the news. The layoffs highlight ongoing volatility and restructuring efforts within the digital asset space.
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