Why is Gemini cutting 10% of its staff?

Gemini, the crypto exchange run by the Winklevoss twins, is cutting 10% of its staff, Bloomberg reported. In a memo to staff, the twins refer to the "crypto winter" and macroeconomic factors as reasons for the cuts.

Did Cameron and Tyler Winklevoss' Gemini cut 10% of its staff?

Cameron and Tyler Winklevoss’ Gemini has reportedly laid off additional staff more than a month after reports suggested the cryptocurrency exchange cut 10% of its employees.

What happened to Gemini?

On Thursday, crypto exchange Gemini announced job cuts in response to the crypto winter. The exchange also announced the closure of all physical offices, citing macroeconomic and geopolitical turmoil as contributory factors.

What can the Gemini junior cut?

It has been designed for intricate dies as well as for cutting heavyweight cardstock, vinyl, foil and multiple layers of fabric (depending on the dies used). Gemini Junior also enables edge-to-edge cutting and also has the facility to pause, resume and reverse the plates within the machine.