Exodus Movement, Inc. is cutting its global workforce by approximately 25%.

The company is realigning operations to focus on stablecoin payments and card issuance.

This strategic shift follows the recent acquisitions of Monavate and Baanx.

Exodus expects to incur pre-tax severance charges between $2.5 million and $3.5 million.

The layoffs will generate $10 million to $13 million in annualized cash operating savings.

Management expects to realize the full financial benefit of this restructuring by 2027.