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Genesis lays off 20% of employees, jettisons CEO after Three Arrows Capital disaster

Crypto broker Genesis is laying off 20% of their employees and reshuffling their leadership in the wake of a several-hundred-million dollar loss related to the Three Arrows Capital implosion. With 260 employees, the 20% workforce cut will affect around 50 employees. Genesis also announced that their CEO Michael Moro would be "stepping down".
Theme tags: Contagion, Layoffs