According to CoinMeta, the crypto exchange Luno announced that it will lay off about 20% of its global staff in order to restructure its operations and redirect more resources towards institutional clients, financial infrastructure, and enterprise services. The CEO of Luno, James Lanigan, stated that the company has invested in automation and broader operational improvements, which have changed the resources required for operations. This round of layoffs reflects a broader trend in the crypto industry, with multiple crypto companies mentioning AI, automation, and operational efficiency during their layoffs. According to CryptoJobsList data, at least 12 crypto companies reported layoffs in July, involving 894 positions.