According to an internal email obtained by The Block, crypto payment infrastructure company MoonPay has laid off 10% of its staff. MoonPay co-founder and CEO Ivan Soto-Wright stated that while the company is cash flow positive, its cost structure is too high. The email did not specify the number of affected employees, but according to LinkedIn records, MoonPay currently has around 300 employees, so 10% would be approximately 30 people. A MoonPay spokesperson declined to disclose the exact number but confirmed the email's content.

Odaily Planet Daily News: According to an internal email obtained by The Block, cryptocurrency payment infrastructure company MoonPay has laid off 10% of its employees. In the email, MoonPay co-founder and CEO Ivan Soto-Wright stated that although the company is cash flow positive, its cost structure is too high. The email did not specify the number of affected employees, but according to LinkedIn records, given that MoonPay currently has about 300 employees, 10% would be approximately 30 people. A MoonPay spokesperson declined to disclose the specific number but confirmed the content of the email. (TheBlock)

MoonPay lays off 10% of its workforce to address cost structure issues