Browsing the "Layoffs" Tag

Crypto Startup Circle Cuts 30 Employees Citing Market, Regulatory Conditions

| Zack Seward

Circle is laying off roughly 30 people, CoinDesk has learned.

As ICO Business Dried up, This Firm’s Headcount Fell From 120 to 50

| Brady Dale

Significant layoffs at Ambisafe tell the tale of another ICO services startup that got too big in 2018.

Dash Core Group to Lay Off Staff in ‘Crypto Winter’ Cost-Cutting Effort

| Yogita Khatri

The company behind cryptocurrency project Dash is to reduce its staffing levels in a cost-cutting effort brought on by the bear market.

Smart Contract Auditor Lets Go 80% of Staff in Crypto Winter Cutbacks

| Brady Dale

After an initial boom, smart contract auditing firm Hosho went from from 37 employees to seven after business slowed in 2018.

‘Decentralized Airbnb’ Starts Charging Fees as ICO Model Falters

| Brady Dale

Airbnb competitor Bee Token, founded by alums of Uber, are pivoting in an effort to boost revenue after conducting an ICO last February.

Public domain photo by NASA

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff

| Brady Dale

Once a top-100 cryptocurrency, Nebulas has laid off more than 60 percent of its staff since July 2018, CoinDesk has learned.

revolving door

How BlockEx Went from $24 Million ICO to Layoffs in Less Than a Year

| Brady Dale

BlockEx, a London-based platform for launching and exchanging tokens, was beset by a series of setbacks that led to downsizing.

Chinese Mining Giant Bitmain Is Closing Another Overseas Office

| Wolfie Zhao

China-based crypto mining giant Bitmain has confirmed the closure of its Amsterdam office as part of ongoing business adjustments.

ShapeShift Lays Off 37 in Latest Crypto Industry Cutback

| Brady Dale and Zack Seward

Crypto exchange ShapeShift has announced a round of layoffs, cutting its staff by a third.

Ethereum Chat Startup Status Lays Off 25% of Staff

| Nikhilesh De

Citing the crypto bear market, Status.IM has laid off 25 staffers and asked remaining employees to take a pay cut.