Crypto Layoffs: OpenSea, Blockchain.com, Coinbase, Gemini Among Firms Forced to Make Mass Job Cuts
The unrelenting crypto winter has continued to hit all corners of the industry, forcing some of the biggest players to curb their growth ambitions.
As these crypto companies aim to stay afloat, CoinDesk has compiled a list of industry players that have cut back on staff. By our count, an estimated 3,726 crypto jobs have been lost as of July 21, 2022, based on media reports and press releases. Here’s where we stand:
July 21, 2022: Blockchain.com Cuts 25%, About 150, of Its Workforce Amid Crypto Bear Market
July 14, 2022: OpenSea Lays Off Roughly 20% of Its Staff
July 7, 2022: Compass Mining Cuts 15% of Staff, Lowers Executive Compensation
July 5, 2022: Crypto Exchange Bullish.com Reportedly Cuts About 10% of Workforce
July 4, 2022: Crypto Lender Celsius Network Cuts 150 Jobs Amid Restructuring: Report
July 1, 2022: Cosmos-Builder Ignite Cuts Headcount by More Than 50%, Ex-Employees Say
June 28, 2022: Huobi Global Could Cut Over 30% of Workforce as China Crackdown Leads to Fall in Revenue
June 27, 2022: Australian Crypto Exchange Banxa Lays Off 70
June 24, 2022: European Crypto Exchange Bitpanda Cuts Staff by 270
June 20, 2022: Bybit to Reduce Workforce by 30% as Crypto Slump Drives Cost-Cutting Measures
June 14, 2022: Coinbase Lays Off Around 1,100 Employees
June 13, 2022: Crypto.com, BlockFi to Cut Over 400 Jobs Amid Market Rout
June 3, 2022: Brazilian Crypto Unicorn 2TM Lays Off Over 80 Employees
June 2, 2022: Middle Eastern Crypto Exchange Rain Lays Off Dozens of Employees: Report
June 2, 2022: Gemini Cuts 10% of Staff, Citing ‘Turbulent’ Crypto Market
May 26, 2022: Top Latin American Crypto Exchange Bitso Lays Off 80 Employees
May 24, 2022: Argentinian Crypto Exchange Buenbit Cuts 45%, Roughly 80 People, Due to Tech Industry Downturn
April 4, 2022: Crypto Exchange BitMEX Lays Off 75 Workers
Read more: Crypto Jobs: Who’s Cutting and Hiring?
