KyberSwap's team had to reduce its workforce by half to maintain business operations after the November $48.8 million hack.
The CEO and chairman of Ledger, a manufacturer of hardware cryptocurrency wallets, has disclosed the 12% employee reduction.
Due to declining customer engagement, Robinhood will fire about 7% of its full-time employees.
CEO stated that Nansen's rapid expansion during its initial years resulted in the company diversifying its operations beyond its core focus.
Anchorage described the layoffs as “a strategic realignment to better focus our resources.”
The firm is now focused on maximizing its cash reserves and putting its resources towards the most important projects.
Polygon Labs announcement impacted around 100 workers, reducing its headcount by 20% to merge many business segments.
The Moralis co-founder states the move comes in response to significant economic change, shifting customer and market priorities
About 500 employees, or about 3% of the workforce, will be let go by BlackRock. This round of layoffs marks the first of $10 trillion in asset management since 2019.
The Network stated that lay-offs are part of its "refactoring" efforts to adapt to current market conditions.