Gemini Space Station Inc. (GEMI) is experiencing significant upheaval with the immediate departure of its COO, CFO, and CLO, along with the COO’s resignation from the board. The stock price dropped over 10% following the announcement. This executive exodus follows Gemini’s decision to shutter crypto exchange operations in the UK, EU, and Australia, and cut 25% of its global workforce. The company is refocusing its strategy on the U.S. market and prediction markets. Co-founder Cameron Winklevoss will absorb the COO’s responsibilities, while interim replacements have been appointed for the CFO and CLO roles. Additional layoffs are occurring, particularly within the APAC division.
Gemini ousts COO, CFO and Chief Legal Officer after international exit and 25% staff cuts
