Luno Exchange Lays Off 20 Percent of Staff

Luno is reducing its total headcount by 20 percent. The exchange plans to focus more on automation to improve its platform efficiency. This change follows a difficult period for retail trading activity across the entire industry.

This decision marks the second major reduction for the company in recent years. Back in January 2023, the firm cut 35 percent of its staff because of poor market conditions. Both rounds of layoffs were part of broader efforts to adjust to a quieter landscape for crypto traders.

Investors are now watching to see how these structural changes affect the user experience on the platform. As the company moves toward more automated processes, the speed and cost of trades will be key metrics to monitor in the coming months.