Layoffs

CDCROP: Empty desk chair office laptop layoffs (Unsplash)
Australian Crypto Gaming Firm Immutable Cuts Staff by 11%
The CEO blamed the layoffs on a need to maximise how long its cash reserves will last.
CDCROP: Empty desk chair office laptop layoffs (Unsplash)

Sandeep Naliwal, co-founder Polygon (Polygon)
Polygon Labs Cuts 20% Workforce, Almost 100 Jobs
The firm said that the job cuts are part of its consolidation earlier this year.
Sandeep Naliwal, co-founder Polygon (Polygon)

Microsoft, window
Microsoft Disbands Industrial Metaverse Project: Report
The 100 members of the team have been laid off, according to a person with direct knowledge of the matter.
Microsoft, window

CoinDesk - Unknown
Payments Company Affirm Is Shutting Down Its Crypto Business
During the bull market of 2021, Affirm had joined a number of fintech firms in offering clientele the ability to buy and sell crypto.
CoinDesk - Unknown

Juan Benet Protocol Labs
Filecoin Creator Protocol Labs Cuts 21% of Staff
The company cited the current economic situation and crypto winter as the reasons behind its decision.
Juan Benet Protocol Labs

Bittrex (Shutterstock)
Crypto Exchange Bittrex Laying Off More Than 80 People
CEO Richie Lai cited the “new economic environment” as the primary reason for the cuts.
Bittrex (Shutterstock)

Security chain (Tom/Pixabay)
Blockchain Analytics Firm Chainalysis to Cut Jobs in Reorganization
The cuts will affect less than 5% of Chainalysis' staff, or about 40-50 people.
Security chain (Tom/Pixabay)

Prime Trust
Crypto Services Company Prime Trust Lays Off One-Third of Staff
The cost-cutting measure comes after a rocky start to 2023 for the Las Vegas-based company.
Prime Trust

End of web2
Tech’s Money Woes: Beginning of the End for Web2?
Gloomy forecasts, mass layoffs and antitrust lawsuits have bruised "Big Tech" over the past year. But that doesn't automatically portend the end of Web2. For Web3 to emerge, we have to address key questions about AI and decentralization.
End of web2

CDCROP: Bitmain co-founder Jihan Wu (CoinDesk)
Jihan Wu's Matrixport Cuts 10% of Staff
At press time, Matrixport had more than 290 employees serving customers in 40 countries.
CDCROP: Bitmain co-founder Jihan Wu (CoinDesk)