Kraken parent Payward cuts 150 jobs amid IPO and expansion push
Crypto Briefing
Payward, the parent company of Kraken, is laying off 150 employees to streamline operations ahead of a planned initial public offering.Summary
Payward, the parent firm of the crypto exchange Kraken, has announced the layoff of approximately 150 staff members. This restructuring is part of a broader optimization strategy as the company prepares for an eventual initial public offering (IPO), for which it filed confidentially in late 2025. Despite these cuts, Payward is actively pursuing a $20 billion valuation and has been aggressively expanding through acquisitions, including firms like Reap, Bitnomial, and NinjaTrader. The company aims to refine its operations and initiate its public listing once market conditions are favorable.
(Source：Crypto Briefing)