The staff cut and departure comes amid legal action from United States regulators.
Category: crypto layoffs
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Crypto layoffs decelerate, with layoffs falling to 570 in February
The number is a stark contrast to over 2,900 employees from the crypto industry let go in January.
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Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
Crypto execs suggested that the “extremely challenging” times forced them to cut jobs in order to “weather this extended” crypto winter.
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FTX bankruptcy freezes millions worth of crypto company funds
Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States.
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Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s […]Powered by WPeMatico