Kraken lays off 30% of staff

Re:Kraken lays off 30% of staff by newmac on Wednesday November 30, 2022 @12:09PM (#33803779)

Kraken regularly used shell/cover companies to hire employees. They have a pretty complex web of fronts not-called-Kraken. Entire offices are 'employed' by one of these companies.

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Re:Kraken lays off 30% of staff by suh_dude on Wednesday November 30, 2022 @12:56PM (#33804657)

Interesting, why would they do this?

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Re:Kraken lays off 30% of staff by ceejayoz on Wednesday November 30, 2022 @01:11PM (#33804934)

As one example: in the US, employers with more than 100 employees have to give 60 days notice of layoffs of a certain size. Outsource customer service to small, closely held subcontractors and you can avoid the requirement.

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Re:Kraken lays off 30% of staff by lordnacho on Wednesday November 30, 2022 @01:30PM (#33805292)

It's ridiculous that you can circumvent the rules that easily.

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Re:Kraken lays off 30% of staff by WXLCKNO on Wednesday November 30, 2022 @02:26PM (#33806193)

To avoid people being targeted because they work at a crypto exchange.

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Re:Kraken lays off 30% of staff by gorkempacaci on Wednesday November 30, 2022 @02:29PM (#33806246)

Would you be able to expand on this? Why do they do that? Sounds shady.

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