Exodus to cut 25% of global workforce in payments shift

Exodus is reducing its global workforce by 25% as the company pivots its strategic focus toward card issuance and stablecoin payments. This workforce reduction is expected to generate annual savings ranging from $10M to $13M. The move aligns with the company's shift in its payments strategy to optimize operational costs while expanding its service offerings in the digital asset space, ensuring a leaner structure to support its new technical direction.