In a memo to employees, CEO Fred Thiel framed the decision as part of MARA’s broader transformation.
“As we’ve been sharing through our recent announcements with Starwood and Exaion, we’re focusing the company in a new direction,” Thiel reportedly wrote in the memo.
Impacted employees will receive one month of paid leave and benefits through April 30, 13 weeks of severance, and a full payout for unused paid time off.
Financial Pressures FAQ Why did MARA cut jobs? MARA confirmed ~15% layoffs, calling the move “strategic, not purely financial.” Which regions are impacted? The cuts hit multiple departments globally, with some entire teams eliminated. What support do employees get? Affected staff receive one month of paid leave, 13 weeks of severance, and PTO payouts. What’s MARA’s new focus? The miner is shifting toward AI and energy infrastructure via deals with Starwood and Exaion.
