According to TechCrunch, US bitcoin exchange Gemini has further cut its staff after about 10% of its employees were recently laid off.

The company has not made the new cuts public, but we’re talking about 7% of the staff, or 68 employees, according to the publication’s source.

According to a TechCrunch source, Gemini showed “marginal spending cuts.”

According to a post on the Anonymous Blind forum on July 14, the company planned to cut its workforce from 950 to 800 people.

“It has come to my attention that at least one team member thinks it’s a good idea to post a snippet of our technology operating plan on a third-party site (Blind). Wow, it’s super awful… if you leak information about a company, you show a low level of awareness and respect for your colleagues who have benefited greatly from the openness we are trying to create and develop here,” said Cameron Winklevoss, Gemini co-founder at the time.

The exchange announced in early June that it was laying off staff during the crypto winter, one of the first to take a step in this direction. The layoffs were announced by a number of well-known industry players, including Coinbase, Crypto.com, BlockFi, BitMEX, Bitpanda, mining company Compass Mining, and NFT marketplace OpenSea.

On the contrary, Changpeng Zhao, CEO of Binance exchange, described the crypto winter as the right time to hire new employees. Plans to recruit more than three hundred experts were announced by KuCoin chairman Johnny Liu.

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