Bakkt Cuts 13% of Staff as Execs Depart
BKKTBakkt (BKKT) PYMNTS·2024-05-06 18:46

Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in a securities filing Friday (May 3) that it is laying off 28 workers, or 13% of its non-call center staff. “The reduction in force is a component of a broader strategic review of the company’s operations that is intended to more effectively align resources with business priorities,” the filing with the Securities and Exchange Commission (SEC) said. The document also notes that Charles G ...