Analyst cuts crypto firm's price target after 25% layoffs

Exodus is slashing 25% of its workforce to pivot into stablecoin payments, yet the full financial benefits won't even be realized until 2027. With the stock already down 85% this year, this looks less like a strategic evolution and more like a desperate attempt to survive a collapsing business model. Can a company really fire its way to success while its value is in freefall, or is this pivot too little, too late? What’s your take on this "restructuring"?
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