Luno cuts 20% of staff due to weaker retail trading
Luno is reducing its global workforce by 20% as the company shifts towards a leaner structure and more institutional business.
The firm previously cut 35% of staff in January 2023 citing tough market conditions.
Luno will continue investing in its retail products and expand its business-to-business offering, combining its 16 million-user retail exchange with a white-label service for banks.