On July 18, an anonymous source linked to cryptocurrency exchange Gemini said that the company had laid off 7% of its workforce.

The source, who spoke with Platform, said:Take CrunchIn the media, Gemini has quietly fired at least 68 workers.

The source found out because the workers are no longer part of the company’s Slack group.

So far, Gemini has neither confirmed nor denied the news.

According to an anonymous source, the cryptocurrency exchange is doing extreme cost cutting practices in order to survive the current crypto winter.

Gemini and getting ready for more layoffs:

According to a document obtained by TechCrunch, Gemini could be on track to lay off an additional 150 employees, or 15% of the 950 employees it currently has.

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The document leaked by an employee caught the attention of Gemini co-founder Cameron Winklevoss, who wrote on Slack that it was bad that one of his employees leaked this kind of information on the web, and shows how little he respects his co-workers.

Gemini has not released an official statement regarding the leak.

The current crypto winter played the cards of many crypto companies that were not prepared for it and did not expect it to be so bad.

Gemini is not the only company that has laid off a number of its employees, but there are many other leading crypto companies that have already laid off a number of their employees, such as:

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Bitmex, Coinbase, FTX, and Crypto.com.

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