Layoff News

Polygon Labs' CEO announced the departure of 60 staff members, representing 19% of its workforce.

NEAR Foundation has decided to lay off nearly half of the team, saying its internal processes were moving too slowly. In a blog announcement on Jan. 11, NEAR Foundation, a non-profit entity behind the NEAR protocol, said it had slashed…

The impending reduction of approximately 600 positions mirrors the BlackRock approach from 2023, where layoffs were aligned with employee performance metrics.

Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. The cascading collapse of two industry giants, Terraform Labs (responsible…

Bittrex Global is set to cease its trading operations globally on Dec. 4, following its U.S. arm's legal settlement with the SEC and an ongoing complex regulatory landscape.

Ava Labs, the team developing the Avalanche blockchain, has announced a 12% reduction in its workforce, attributing the decision to strategically reallocating its resources. The firm’s CEO and founder, Emin Gün Sirer, confirmed the layoffs on Nov. 7, following announcements…

Ethereum’s oldest NFT marketplace is downsizing its workforce as part of a "2.0 strategy" focused on community, product, and reliability. 

According to CEO Daniel Alegre, Yuga Labs has completed its restructuring process and is now focusing on its metaverse extension, Otherside. In a social media post on X, Alegre responded to concerns and feedback from Yuga Labs’ diverse NFT communities…

Bitmain, the largest manufacturer of Bitcoin (BTC) mining ASICs, has decided to fire the employees who broke the rules by posting company salary information online. On Oct. 8, according to information from the working social platform Maimai Community, some employees…

A spokesperson for the firm behind the browser said the layoffs were made due to a challenging economic environment. Brave Software, Inc., a company behind the Brave crypto web browser, reduced its workforce by 9% to optimize cost management amid…

The CEO and chair of Pascal Gauthier announces the firm will be cutting its staff by 12% in an Oct. 5 blog post citing the “longevity of the business.”

Chainalysis, a blockchain analysis company backed by Singapore’s leading wealth fund GIC, has reduced its workforce by 15%.

The head of legal, Krishna Juvvadi, and chief risk officer, Sidney Majalya, are leaving Binance US following the recent news on layoffs. According to the Wall Street Journal, the departure of both executives follows the recent exit of its former…

R3, a New York-based blockchain enterprise, slashes its workforce by over 20% in a strategic move to conserve resources

Binance CEO Changpeng “CZ” Zhao has dismissed recent rumors, asserting the firm's financial and employee stability despite market uncertainty.

Major Indian crypto exchange CoinSwitch has laid off some members of its customer support team amid uncertain crypto regulation and stringent crypto taxation. CoinSwitch, a crypto exchange backed by Andreessen Horowitz and Coinbase Ventures, has axed 44 employees from the…