Crypto Exchange Vauld Cuts Workforce by 30%

Coinbase-backed crypto exchange Vauld cuts workforce by 30%. Affected employees are from Vauld’s marketing, talent acquisition and other divisions. They will receive two months’ salary in severance and retain a 12-month health insurance plan. Vauld also plans to shrink executive compensation by 50% and trim marketing expenses. The firm will additionally slow recruitment and place vendor engagements on hold, according to the report.