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 3,838 crypto jobs have been lost as of August 19, 2022, based on media reports and press releases. Here’s where we stand:
- August 17, 2022: Crypto Broker Genesis Cuts 20% of 260 Person Workforce
- August 11, 2022: Crypto Miner Core Scientific Cuts 10% of Staff, CFO Says Reduction is 'Surgical'
- August 2, 2022: Broker Robinhood Slashes 780 jobs, about 23% of its Workforce
- July 29, 2022: Crypto Exchange CoinFLEX Reduces 50-60% of Staff
- July 14, 2022: OpenSea Lays Off Roughly 20% of Its Staff
- July 7, 2022: Compass Mining Cuts 15% of Staff, Lowers Executive Compensation
- 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 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?
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