Exodus Restructures for Payments Future | Bitcoin and Crypto News

Exodus is slashing 25% of its global workforce to fuel a bold pivot toward becoming a full-stack payments powerhouse, aiming to slash $10M–$13M in annual operating costs by 2027. The move follows key acquisitions of Monavate and Baanx, designed to supercharge its crypto and e-money capabilities. While layoffs will cost $2.5M–$3.5M pre-tax in severance and support, affected employees will receive packages and transition aid. Though its stock edged up in early trading, it remains down year-over-year — signaling a painful but strategic transformation to dominate the next-gen payments landscape. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a8ae52e435f905b7