{"id":550789,"date":"2026-07-20T16:05:12","date_gmt":"2026-07-20T16:05:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/550789\/"},"modified":"2026-07-20T16:05:12","modified_gmt":"2026-07-20T16:05:12","slug":"exodus-exod-to-cut-25-of-global-workforce-in-payments-shift","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/550789\/","title":{"rendered":"Exodus (EXOD) to cut 25% of global workforce in payments shift"},"content":{"rendered":"<p>Crypto wallet firm Exodus Movement (EXOD) will cut about 25% of its global workforce as it reshapes its business around stablecoin payments and card infrastructure.<\/p>\n<p>The Omaha, Nebraska-based company said in a <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1821534\/000119312526308023\/d63529dex991.htm\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">filing<\/a> the layoffs are part of a broader effort to lower costs while supporting its strategy of building a full-stack payments platform.<\/p>\n<p>The restructuring comes as Exodus continues to integrate Monavate, an electronic money institution, and crypto payments firm Baanx, two acquisitions that have expanded its payments capabilities and international footprint.<\/p>\n<p>Exodus said it expects to record pre-tax restructuring charges of between $2.5 million and $3.5 million, mostly tied to severance and employee-related costs. Affected workers will receive severance, continued benefits and transition support.<\/p>\n<p>The company said the restructuring should generate annual cash operating expense savings of $10 million to $13 million, with the full benefit expected in 2027.<\/p>\n<p>EXOD is higher by 2.2% in early trading Monday, but remains down nearly 85% year-over-year.<\/p>\n","protected":false},"excerpt":{"rendered":"Crypto wallet firm Exodus Movement (EXOD) will cut about 25% of its global workforce as it reshapes its&hellip;\n","protected":false},"author":2,"featured_media":550790,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,13277,85,46],"class_list":["post-550789","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-crypto-news","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/550789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=550789"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/550789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/550790"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=550789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=550789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=550789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}