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Luno cuts a fifth of its staff as crypto's July layoff wave claims at least 12 firms

7/30/2026

Twenty percent of Luno's workforce has been cut, making the exchange the most visible name in a July restructuring wave that reached at least 12 crypto companies. Gnosis joined the round in the same month.

The breadth of July's reductions is the harder fact to explain away as coincidence. What the numbers actually show Luno's 20% reduction is the only specific headcount figure in the public record so far.

Gnosis confirmed restructuring but reporting does not specify the scale of its cuts. The remaining firms among the twelve are not named.

That leaves the twelve-firm count as the most significant data point: not the size of any individual cut, but the fact that at least a dozen companies reached the same decision inside the same calendar month.