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Layoffs
Crypto Firms, Especially Exchanges, Slash Jobs as Market Rout Continues
Many crypto companies are announcing substantial job cuts and hiring freezes amid challenging times for cryptocurrency and equity markets.

Brazilian Crypto Unicorn 2TM Lays Off Over 80 Employees
The company cited “the changing global financial landscape.” Its main competitor in Latin America, Bitso, laid off a similar number of people last week.

Middle Eastern Crypto Exchange Rain Lays Off Dozens of Employees: Report
The move follows news of workforce reductions at a number of exchanges in the U.S. and worldwide.

Winklevoss-Led Gemini Cuts 10% of Staff, Citing ‘Turbulent’ Crypto Market
Gemini cited the cryptocurrency downturn along with macroeconomic market conditions.

Top Latin American Crypto Exchange Bitso Lays Off 80 Employees
The company, which had more than 700 workers before the cuts, counts four million users in the region.

Argentinian Crypto Exchange Buenbit Cuts 45% of Staff Due to Tech Industry Downturn
The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries.

Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report
The report based on internal emails seen by The Information comes after Coinbase said earlier this week it will slow hiring.

Crypto Exchange BitMEX Lays Off 75 Workers
The global job cuts will impact about 25% of the company's workforce and come after plans by a company founded by BitMEX executives to buy a German bank fell through in March.

Crypto News Outlet BlockTV Shuts Down, Citing Impact of COVID-19
Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees.

New Layoffs Hit Ethereum Incubator ConsenSys
ConsenSys is laying off dozens more staffers, two people familiar with the matter tell CoinDesk.
