Exodus to cut 25% of global workforce in payments shift

Exodus Movement will cut about 25% of its global workforce as it shifts toward stablecoin payments and card infrastructure. The layoffs are part of a broader effort to lower costs and build a full-stack payments platform, according to CoinDesk, as the company integrates Monavate and Baanx. Exodus expects pre-tax restructuring charges of $2.5 million to $3.5 million and annual cash operating expense savings of $10 million to $13 million, with the full benefit expected in 2027.