Layoffs

Bitpanda co-founders (left to right) Christian Trummer, Paul Klanschek and Eric Demuth.
European Crypto Exchange Bitpanda Cuts Staff by Hundreds
Bitpanda announced it is reducing its employee count to 730, down from about 1,000.
Bitpanda co-founders (left to right) Christian Trummer, Paul Klanschek and Eric Demuth.

Dubai, home of Bybit (David Rodrigo/Unsplash)
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures
The crypto exchange is looking to remove overlapping functions and build smaller, more agile teams, it told CoinDesk.
Dubai, home of Bybit (David Rodrigo/Unsplash)

Binance leads hiring spree (Clem Onojeghuo/Unsplash)
Binance, Kraken and Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts
Coinbase, BlockFi and Crypto.com are among the crypto-related companies announcing layoffs this week.
Binance leads hiring spree (Clem Onojeghuo/Unsplash)

Markets Daily Podcast Cover
Crypto News Roundup for June 7, 2022
With bitcoin and the broader crypto market tumbling after what seemed to be a fresh burst of momentum, plus a look at what a bear market may mean for crypto jobs, CoinDesk’s "...
Markets Daily Podcast Cover

Coinbase CEO Brian Armstrong speaks at CoinDesk's Consensus 2019 (Getty Images)
Coinbase’s Abrupt Hiring Reversal Blindsided Would-Be Employees
Coinbase announced it would rescind offers, surprising recruits who told CoinDesk they believed their new roles would be safe.
Coinbase CEO Brian Armstrong speaks at CoinDesk's Consensus 2019 (Getty Images)

(Jeffrey Blum/Unsplash)
Are Exchange Layoffs the First Sign of Crypto Winter, or Is It Already Over?
Coinbase, Gemini and other crypto exchanges are laying off employees. Things could get worse from here – but there’s reason to hope for a soft landing.
(Jeffrey Blum/Unsplash)

The bear market downturn in the cryptocurrency and equity markets has led to growing layoffs by crypto firms. (Getty Images)
Crypto Firms, Especially Exchanges, Slash Jobs as Market Rout Continues
Many crypto companies are announcing substantial job cuts and hiring freezes amid challenging times for cryptocurrency and equity markets.
The bear market downturn in the cryptocurrency and equity markets has led to growing layoffs by crypto firms. (Getty Images)

Roberto Dagnoni, CEO and executive chairman of 2TM, Mercado Bitcoin’s parent company. (2TM)
Brazilian Crypto Unicorn 2TM Lays Off Over 80 Employees
The company cited “the changing global financial landscape.” Its main competitor in Latin America, Bitso, laid off a similar number of people last week.
Roberto Dagnoni, CEO and executive chairman of 2TM, Mercado Bitcoin’s parent company. (2TM)

Bahrain (Shutterstock)
Middle Eastern Crypto Exchange Rain Lays Off Dozens of Employees: Report
The move follows news of workforce reductions at a number of exchanges in the U.S. and worldwide.
Bahrain (Shutterstock)