Exodus Movement (EXOD) announced an operating realignment that includes a reduction of approximately 25% of the global workforce. The action is intended to better align its cost structure and organizational priorities with its strategy to build a full-stack card issuance and payments platform, while maintaining expense discipline in light of current market conditions and continuing the integration of Monavate and Baanx. “These decisions are never easy because they affect talented people who have helped build Exodus,” said JP Richardson, Co-Founder and CEO of Exodus. “We are deeply grateful for their contributions and committed to supporting them through this transition. These actions position Exodus for its next phase as we build a full-stack payments platform that delivers meaningful, everyday utility.” Affected team members will receive severance, continued benefits, and other transition support. Exodus expects to recognize approximately $2.5M-$3.5M of pre-tax charges in connection with the action, consisting primarily of severance and related personnel costs. The company expects the action to generate approximately $10M-$13M of annualized cash operating expense savings and to see the full benefit of these savings in 2027. The acquisitions of Monavate and Baanx have materially expanded Exodus’s capabilities, customer base, and geographic reach. As the integration progresses, the company will continue evaluating its combined cost base and operating model to ensure resources are aligned with its strategic priorities. TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.