Luno retrenching 35% of staff, cofounder and CTO resigns

Luno retrenching 35% of staff, cofounder and CTO resigns

Luno has informed staff that it is retrenching 35% of its global workforce. “2022 has been an incredibly tough year for the broader tech industry, and in particular the crypto market,” Luno CEO Marcus Swanepoel (pictured) wrote in a message to employees on Wednesday. Swanepoel said Luno has unfortunately not been immune to this turbulence, which has affected its growth and revenue numbers. “As a result, we have to readjust our focus to maintaining our leadership position in our core …