BRIEF-Exodus Announces Workforce Reduction To Focus On Full-Stack Stablecoin Payments Infrastructure

Exodus Movement, Inc. Class A

Exodus Movement, Inc. Class A

EXOD

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July 17 (Reuters) - Exodus Movement Inc EXOD.A:

  • EXODUS ANNOUNCES WORKFORCE REDUCTION TO FOCUS ON FULL-STACK STABLECOIN PAYMENTS INFRASTRUCTURE

  • EXODUS MOVEMENT - ANNOUNCES REDUCTION OF ABOUT 25% OF GLOBAL WORKFORCE

  • EXODUS MOVEMENT - EXPECTS $2.5 MILLION-$3.5 MILLION OF PRE-TAX CHARGES FROM WORKFORCE REDUCTION

  • EXODUS MOVEMENT - EXPECTS $10 MILLION-$13 MILLION ANNUALIZED CASH OPERATING EXPENSE SAVINGS, FULL BENEFIT IN 2027

Source text: ID:nGNX1P8N9q

Further company coverage: EXOD.A


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