Exodus to Cut 25% of Staff in Company Reorganization
Exodus said it will cut 25% of its workforce as part of a reorganization to support a full-stack card issuance and payments platform and stablecoin payments infrastructure. The company expects $2.5 million to $3.5 million in pre-tax charges and $10 million to $13 million in annualized cash operating savings, with full benefit in 2027. Exodus (NYSE: EXOD) had 215 full-time employees as of Dec. 31.



