Cheyenne, Wyoming-based Payward, a portfolio of cryptocurrency-related companies spanning trading, custody, payments, lending, on-chain finance, and benchmarks, has announced a 5% reduction in force as part of a strategic corporate reorganization to streamline operations and present a leaner financial profile ahead of a planned Initial Public Offering designed to make the IPO more attractive to investors.
The reduction affects 150 employees.
According to a company statement, "We don't comment on specific personnel or operational decisions. As a high-performance culture, we continually evaluate and evolve our organization to ensure we have the right structure and talent in place to optimize growth and deliver for our clients."
Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?