Crypto Layoffs: Here's the Grim Count Since April

As a bear market sweeps the industry, CoinDesk is keeping a running list of industry players that have cut jobs.

AccessTimeIconJan 5, 2023 at 3:19 p.m. UTC
Updated May 9, 2023 at 4:05 a.m. UTC
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The unrelenting crypto winter has continued to hit all corners of the industry, forcing some of the biggest companies in the sector to curb their growth ambitions.

As these crypto firms try to stay afloat, CoinDesk has compiled a list of industry players that have cut back on staff. By our count, an estimated 29,868 crypto jobs have been lost as of Mar. 28, based on media reports and press releases. Here’s where we stand:

Read more: Crypto Jobs: Who’s Cutting and Hiring?

CORRECTION (Dec. 13 17:00 UTC): Corrects the CoinDesk estimate of the 15% of people laid off by Unchained Capital to 16.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Fran Velasquez

Fran is CoinDesk's TV writer and reporter.


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