Gemini has been having a rough time lately, trying to recoup $900 million of their customers' funds from Genesis, and facing charges from the SEC that their Earn product was an unregistered securities offering.
Gemini lays off 10% of staff amid troubles
Gemini performed a 10% layoff, cutting roughly 100 positions. This move followed a 7% layoff in July 2022, and a 10% reduction just a month prior to that.