Kraken Parent Payward Makes Deep Cuts as IPO Pressure Mounts

May 15, 2026 - 17:00
Kraken Parent Payward Makes Deep Cuts as IPO Pressure Mounts
Payward, the parent of cryptocurrency exchange Kraken, is cutting 150 jobs ahead of its planned U.S. stock-market listing. The reduction affects about 5% of its 3,000-person global workforce. The move forms part of a broader optimization push aimed at improving margins. Management wants a leaner financial profile before going public. Layoffs Continue a Multi-Year Lean-Out...

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