---
title: "Exodus to reorganize, slashing 25% of workforce. Layoffs aimed at saving $10-13 million for new card issuance platform."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293248931.md"
description: "The company specializing in wallets announced plans for layoffs aimed at generating savings ranging between $10 million and $13 million. This decision is in line with their strategy to develop a comprehensive card issuance and payments platform."
datetime: "2026-07-20T19:34:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293248931.md)
  - [en](https://longbridge.com/en/news/293248931.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293248931.md)
generator: "portal-rs"
---

# Exodus to reorganize, slashing 25% of workforce. Layoffs aimed at saving $10-13 million for new card issuance platform.

The company specializing in wallets announced plans for layoffs aimed at generating savings ranging between $10 million and $13 million. This decision is in line with their strategy to develop a comprehensive card issuance and payments platform.

### Related Stocks

- [EXOD.US](https://longbridge.com/en/quote/EXOD.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**