Exodus Movement, Inc. approved a restructuring plan involving a reduction in force of approximately 77 employees and service providers, representing about 25% of its global workforce. The company expects to incur $2.5 million to $3.5 million in costs related to the plan, while targeting $10 million to $13 million in annualized cash operating expense savings. Exodus Movement, Inc. provides self-custodial digital asset management and payments infrastructure for consumer and fintech clients in the cryptocurrency industry.
