Recession is in full swing
Seems like a small/necessary correction to most people probably. Crypto seriously had it coming.
Yeah, after eliminating qa and now 10% of employees. Any idea if engineering is gonna be impacted?
It’s across the board, and global.
Post on company blog: https://www.gemini.com/blog/a-message-from-cameron-and-tyler
Damn that sucks. PM for C1 referral
Recession is well on its way
isnt gemini profitable at this point
no Gemini is burning money hand over fist and the business model is not profitable. Fee compression happening and we barely derive revenue from any non-trading sources. fear is high amongst leadership
Don’t think they’re profitable in this environment at all
That really sucks, I hope everyone who is impacted will get back on their feet soon. Were there any engineers impacted?
Most of leadership already quit, now they’re canning the levels below.
Can you share the email.
email said the exact same