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FTX to reorganize, new CEO seeks support from staff during company conference call

2022/11/15 02:00

According to The Block, FTX's new CEO John Jay Ray III called on staff to rally together during an all-hands meeting after last week's bankruptcy protection filing, people who were on the call told The Block. Payroll is expected to continue as usual, though Ray warned there may be hiccups. The firm sent out forms for employees to fill out and explain their roles to likely determine whom to fire or whom to let go, according to people who attended the meeting. Ryne Miller, FTX US's general counsel, is staying on with the firm as it navigates its transition into bankruptcy, taking the lead of external communications.
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