AI & Jobs Kraken, May 14–15: Parent Company Payward Cuts 150 Roles After Deploying AI Internally — Bloomberg Headlines It 「IPO May Slip to 2027」 the Same Week the Exchange Says It Is 「80% Ready」 to List and Is Raising Fresh Capital at a $20B Valuation
Kraken parent Payward cut about 150 jobs — roughly 5% of its 3,000-person workforce — citing AI-driven efficiency gains, the same week co-CEO Arjun Sethi said the exchange is 「80% ready」 to IPO and is raising at a $20B mark.