May 15, 2026 5:24 PM
Kraken is firing 150 employees as a cold "optimization exercise" specifically to look more profitable for its upcoming IPO. Despite massive partnerships with Franklin Templeton and expansion into stock trading, they are treating 5% of their workforce as disposable overhead to impress Wall Street. It proves that "high-performance culture" is often just code for sacrificing staff to pump a valuation. Is it ethical to fire people just to juice a listing? What's your take?
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