Exodus Movement is laying off approximately 25% of its global workforce in a restructuring designed to streamline operations and support its transition into a full-stack payments platform, according to a recent press release.

The company said the restructuring also supports its efforts to improve cost efficiency as it integrates Monavate and Baanx.

Exodus acquired the two payments companies in May for approximately $76 million, bringing key payments infrastructure in-house, including card issuing, payment processing and regulatory capabilities used by fintech, cryptocurrency and enterprise customers.

Exodus expects the workforce reduction to result in $2.5 million to $3.5 million in pre-tax restructuring costs, largely tied to severance and related personnel expenses. The company projects the move will produce $10 million to $13 million in annualized cash operating expense savings, with the full impact expected to be reflected beginning in 2027.

Affected employees will receive severance, continued benefits and additional transition support. Exodus added that it will continue evaluating its operating structure as it combines the acquired businesses and allocates resources toward its long-term strategic priorities.