Layoffs


Finance

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.

The bear market downturn in the cryptocurrency and equity markets has led to growing layoffs by crypto firms. (Getty Images)

Finance

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.

Roberto Dagnoni, CEO y presidente ejecutivo de 2TM Group, la empresa holding de Mercado Bitcoin. (2TM)

Finance

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.

Bahrain

Finance

Winklevoss-Led Gemini Cuts 10% of Staff, Citing ‘Turbulent’ Crypto Market

Gemini cited the cryptocurrency downturn along with macroeconomic market conditions.

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Finance

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.

Daniel Vogel, CEO y cofundador de Bitso. (Bitso)

Finance

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.

Federico Ogue, CEO de Buenbit. (Buenbit)

Finance

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.

Coinbase has detailed cost-cutting measures in internal company emails. (Getty Images)

Finance

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.

(Shutterstock)

Finance

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.

Credit: BlockTV

Finance

New Layoffs Hit Ethereum Incubator ConsenSys

ConsenSys is laying off dozens more staffers, two people familiar with the matter tell CoinDesk.

The ConsenSys headquarters pictured in 2016. (Credit: CoinDesk archives)