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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Exodus announced a reduction of approximately 25% in its global workforce as part of a strategic shift in its business model. The company aims to pivot its focus toward developing a full-stack stablecoin payments infrastructure through this restructuring. This workforce reduction is expected to generate between $10 million and $13 million in annualized cost savings.