Crypto layoffs decelerate, with layoffs falling to 570 in February
The number is a stark contrast to over 2,900 employees from the crypto industry let go in January. Go to Source Powered by WPeMatico
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Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise
It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January. Go to Source Powered by WPeMatico
Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced
According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC). Blockchain.com Lays Off 150 Workers Citing Crypto Winter Conditions On … Read more
Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s … Read more
