Kraken lowers personnel by 30% to weather the bitcoin cold.

The exchange grew too rapidly to fit the crypto industry, according to its CEO.

The company's team size is now the same as a year ago.

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The severance package for laid-off workers was fair.

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Kraken said in June that it would hire over 500 roles despite a market slowdown.

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The company's employment initiatives contrasted with Coinbase and BlockFi's layoff announcements.

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Current layoffs contrast with the CEO's June statements, when he criticised "woke activists" while announcing hundreds of new hires.

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