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Layoffs
Crypto Layoffs: Here's the Grim Count Since April
As a bear market sweeps the industry, CoinDesk is keeping a running list of industry players that have cut jobs.
Crypto Layoffs: Amber Group, Bybit, Kraken, Lemon Cash, Among Firms Forced to Make Mass Job Cuts
As the bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff.
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
The crypto trader will also lay off 40% of its workforce as it feels the squeeze of the bear market.
Australian Crypto Exchange Swyftx Cuts 90 Jobs, Reducing Workforce by 35%
The exchange said that it doesn't have any direct exposure to FTX, although the job cuts are a result of the crypto downturn caused by FTX.
Bybit to Lay Off 30% of Staff Amid Crypto Winter
The exchange is trying to "refocus" amid a "deepening bear market," its CEO said on Twitter.
Kraken Cuts 30% of Workforce Amid Crypto Winter
The crypto exchange is laying off 1,100, after saying it was in hiring mode earlier this year.
Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Cites Challenging Industry Conditions
Reasons for the 38% cut also include uncertainty in the venture capital market, CEO Marcelo Cavazzoli said.
Coinbase Sheds Roughly 60 Jobs as Cost-Cutting Continues Amid Bear Market
The crypto exchange called the latest reductions “isolated and targeted.”
Meta Platforms Slashes Over 11,000 Jobs, 13% of Its Workforce
The job cuts come from across its businesses, including its apps and metaverse divisions.
Web3 Gaming Studio Mythical Games Lays Off 10% of Its Employees
Three executives departed the developer of Web3 video games earlier this week.
