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Layoffs
USDC Issuer Circle Cuts 'Less Than 6%' of Jobs Following Operations Review
The job cuts amount to about 50 people, based on June employment numbers.
Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’
The main supporter of the Ethereum network has been in an ongoing battle with the Securities and Exchange Commission who most recently alleged the company of operating as an unregistered broker.
Matter Labs Restructures to Meet Changing Demands, Lays Off 16% of Team
The developer of Ethereum layer-2 protocol ZKsync said builders using the protocol now need a "different type of technology and support."
Crypto Custody Firm Ledger Cuts 12% of Staff
The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
Chia fired 26 of its 70 employees as it continues its pitch to the U.S. Securities and Exchange Commission on going public and is weighing first-ever sales of some of its tokens.
Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition
The game's growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is more distributed.
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.
Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums
The firm laid off 44 employees from the team, which still has 82 members.
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
NFT Now Cuts Jobs in Restructuring Move
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now had his Twitter account hacked over the weekend.
