Cryptocurrency payment infrastructure company MoonPay has laid off 10% of its staff. MoonPay co-founder and CEO Ivan Soto-Wright stated in an email 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, MoonPay currently has around 300 employees, so 10% would be approximately 30 people.

According to Deep Tide TechFlow, The Block reports that the crypto payment infrastructure company MoonPay has laid off 10% of its employees. In an email, MoonPay co-founder and CEO Ivan Soto-Wright stated that although the company's cash flow is positive, the 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% seems to be about 30 people.

MoonPay lays off 10% of employees to address cost structure issues