Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is l…
Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO
According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. The company confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation ahead of a potential IPO once market conditions improve.
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