Kyber Network Initiates Strategic Shift: Workforce Reduced by 50% Following $49M ExploitKyberSwap's team had to reduce its workforce by half to maintain business operations after the November $48.8 million hack.DeepDecember 27, 2023News
Ledger Announces Workforce Reduction of 12% Due to Macroeconomic ChallengesThe CEO and chairman of Ledger, a manufacturer of hardware cryptocurrency wallets, has disclosed the 12% employee reduction.DeepOctober 6, 2023News
Robinhood Implements Workforce Restructuring, Cuts 7% of Staff to Enhance Operational EfficiencyDue to declining customer engagement, Robinhood will fire about 7% of its full-time employees.DeepJune 27, 2023News
Blockchain firm Nansen lays off 30% of staff, cites harsh market conditionsCEO stated that Nansen's rapid expansion during its initial years resulted in the company diversifying its operations beyond its core focus. Saniya RaahathMay 31, 2023News
Crypto Bank Anchorage Digital announces layoffs, cuts staff by 20%Anchorage described the layoffs as “a strategic realignment to better focus our resources.”Saniya RaahathMarch 15, 2023News
Australia-based crypto gaming firm Immutable lays off 11% of its staffThe firm is now focused on maximizing its cash reserves and putting its resources towards the most important projects.Saniya RaahathFebruary 22, 2023News
Polygon Labs Eliminates 20% of its Workforce; Around 100 PositionsPolygon Labs announcement impacted around 100 workers, reducing its headcount by 20% to merge many business segments.DeepFebruary 21, 2023News
Crypto layoffs: Web3 company Moralis to fire staff to cut costsThe Moralis co-founder states the move comes in response to significant economic change, shifting customer and market prioritiesSaniya RaahathJanuary 24, 2023News
BlackRock to layoff 500 of its staffAbout 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.DeepJanuary 12, 2023News
Octopus Network to cut 40% of its staff, cites crypto winterThe Network stated that lay-offs are part of its "refactoring" efforts to adapt to current market conditions. Saniya RaahathDecember 27, 2022News