Exodus Movement cuts 25% of workforce (~77 employees) in restructuring to focus on payments platform

Exodus Movement, Inc.

Workforce reduction of ~77 employees/service providers (~25% of global workforce) approved July 16, 2026.
Estimated pre-tax charges of $2.5M-$3.5M for severance and benefits, paid over 12 weeks.
Expects annualized cash operating expense savings of $10M-$13M, full benefit in 2027.
Restructuring aligns with strategic transition to full-stack stablecoin payments infrastructure, integrating Monavate and Baanx.
Plan expected to be completed in Q4 2026.

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