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Layoffs
Social Media Giant Snap Disbands Web3 Team Amid Mass Layoffs
The company, which reported its lowest growth numbers in five years during the second quarter, will lay off a fifth of its staff.
Second Round of Layoffs at Brazilian Crypto Unicorn 2TM
2TM was valued at $2.1 billion in July 2021 after its holding Mercado Bitcoin received a $200 million investment from Softbank's Latin America Fund.
Blockchain Firm Skynet Labs Shutters After Failing to Get New Funding
Skynet Labs was formed to promote decentralized internet platform Skynet.
Broker Robinhood Slashing Nearly One-Quarter of Workforce
Crypto business rose for the company in the second quarter even as overall trading revenue slipped.
Blockchain.com Cuts 25% of Its Workforce Amid Crypto Bear Market
The digital assets trading firm said it will shutter its Argentina-based offices and halt its expansion plans in several countries.
OpenSea Lays Off Roughly 20% of Its Staff
CEO Devin Finzer cited an “unprecedented combination of crypto winter and broad macroeconomic instability.”
KuCoin Denies Layoff Rumors, Says It's Hiring 300
The crypto exchange plans to add employees in tech, compliance and marketing.
Crypto Exchange Bullish.com Reportedly Cuts About 10% of Workforce
The company last week extended the deadline to complete its SPAC merger until the end of 2022.
Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.
Lending Platform Vauld Looks to Restructure Amid Crypto Downturn, Suspends Transactions
Vauld has seen around $198 million in withdrawals since June 12.
