Kraken Cuts 150 Staff, Citing Rising AI Use

May 18, 2026 - 09:15
Kraken Cuts 150 Staff, Citing Rising AI Use
Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year. The company, whose corporate name is Payward, laid off about 150 workers due to efficiencies from deploying artificial intelligence across the business, Bloomberg reported on Friday,...

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