Cryptocurrency

‘It was savage’: Kraken’s crypto staff slam ‘cold’ redundancies

Laid off staff were left 'clueless and upset' after being locked out of laptops with little warning

A Kraken spokesperson said the job cuts were ‘necessary to adapt to current market conditions’
A Kraken spokesperson said the job cuts were ‘necessary to adapt to current market conditions’ Photo: Alamy

Staff laid off by crypto giant Kraken say they only learned of their redundancies when they were locked out of their computers, and discovered their fates via news reports.

A former UK staffer at the firm told Financial News: “I went to get a coffee, came back and was locked out [of my laptop] and checked the news and saw it announced on CNBC.

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