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Layoffs
Novogratz's Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%
Galaxy Digital, the crypto merchant bank founded by Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said.
Circle Confirms New Round of Layoffs Following Co-CEO Departure
Circle laid off about 10 employees in its latest effort to cut costs. The move follows a round of 30 layoffs in May.
Blockchain Sleuthing Firm Chainalysis Slashes 20% of Workforce
Chainalysis laid off 39 employees Thursday citing the need for a "path to profitability."
Zcash Developer Electric Coin Co. Reveals Q1 Financial Loss
The for-profit arm supporting zcash has issued a new report saying it avoided layoffs throughout the bear market despite being in the red.
Crypto Startup Circle Cuts 30 Employees Citing Market, Regulatory Conditions
Circle is laying off roughly 30 people, CoinDesk has learned.
As ICO Business Dried up, This Firm's Headcount Fell From 120 to 50
Significant layoffs at Ambisafe tell the tale of another ICO services startup that got too big in 2018.
Dash Core Group to Lay Off Staff in 'Crypto Winter' Cost-Cutting Effort
The company behind cryptocurrency project Dash is to reduce its staffing levels in a cost-cutting effort brought on by the bear market.
Smart Contract Auditor Lets Go 80% of Staff in Crypto Winter Cutbacks
After an initial boom, smart contract auditing firm Hosho went from from 37 employees to seven after business slowed in 2018.
'Decentralized Airbnb' Starts Charging Fees as ICO Model Falters
Airbnb competitor Bee Token, founded by alums of Uber, are pivoting in an effort to boost revenue after conducting an ICO last February.
50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff
Once a top-100 cryptocurrency, Nebulas has laid off more than 60 percent of its staff since July 2018, CoinDesk has learned.
