Layoffs

Ledger announces job cuts (Unsplash)
Crypto Custody Firm Ledger Cuts 12% of Staff
The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
Ledger announces job cuts (Unsplash)

Chia is laying off a third of its workers as its plans to go public have been delayed. (Getty Images)
Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
Chia fired 26 of its 70 employees as it continues its pitch to the U.S. Securities and Exchange Commission on going public and is weighing first-ever sales of some of its toke...
Chia is laying off a third of its workers as its plans to go public have been delayed. (Getty Images)

Fortnite esports tournament (Shutterstock)
Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition
The game's growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is more distributed.
Fortnite esports tournament (Shutterstock)

Left to right: Vimal Sagar, co-founder and chief operating officer; Govind Soni, co-founder and chief technology officer; Ashish Singhal, co-founder and CEO (CoinSwitch Kuber)
Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums
The firm laid off 44 employees from the team, which still has 82 members.
Left to right: Vimal Sagar, co-founder and chief operating officer; Govind Soni, co-founder and chief technology officer; Ashish Singhal, co-founder and CEO (CoinSwitch Kuber)

(Raj Rana/Unsplash)
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
(Raj Rana/Unsplash)

Alejandro Navia, President of NFT Now (Ian Suarez/CoinDesk)
NFT Now Cuts Jobs in Restructuring Move
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now had his Twitter account hacked over the weeke...
Alejandro Navia, President of NFT Now (Ian Suarez/CoinDesk)

KuCoin app (Shutterstock)
Crypto Exchange KuCoin to 'Adjust Some Personnel as Needed', but Denies Report of Major Layoffs
A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.
KuCoin app (Shutterstock)

Binance logo (Danny Nelson/CoinDesk)
Binance Slashes Worker Benefits as Profit Falls: WSJ
Just last week, it was reported that Binance has cut more than 1,000 employees around the world.
Binance logo (Danny Nelson/CoinDesk)

Binance.jpg
Binance Has Cut 1,000 Workers in Recent Weeks: WSJ
The layoffs were happening globally as the exchange deals with regulatory challenges and ongoing investigations.
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