layoffs

Anchorage Digital Bank, the first federally-chartered digital asset trust bank, is not affected by the layoffs

Fallout from Bankman-Fried’s funding of the company is now coming into focus

Coinbase is set to spend roughly $150 million in total restructuring charges, though the amount represents a small fraction of its balance sheet cash

Coinbase is axing more staff and reducing costs to navigate the ongoing crypto bear market, which looks soon to be the longest on record

Abra, a company with aspirations to become the US’ first regulated crypto bank, has taken a hard look at cost-cutting

A Web3 game developer added a gaming industry veteran, while an infrastructure startup brought on the ex-global markets director at Deutsche Bank

ZenLedger’s revenue increased 100% year-over-year through the October deadline for filing US tax extensions: Blockworks exclusive

Crypto exchanges Bybit and Swyftx downsize while Amber Group is reportedly set to lay off a few hundred staffers

Institutional traders have been closely watching how Brevan Howard Digital deals with broad turmoil in cryptocurrency markets

The layoffs were preceded by a surprise Slack message from Koinly’s chief executive

Crypto firm says in a tweet that it has adjusted business strategies, products and internal teams to weather market environment

The DeFi oracle provider is the latest victim of the crypto market downturn, as the team looks to boost token economic incentives

CEO Matt Furlong reportedly said high inflation and a difficult job market led to the most recent downsizing

Kraken plots laying off more than 1,000 people amid “negative influences on the financial markets”

Departing Kraken CEO Jesse Powell is taking 30% of the company with him.

BitMEX reduces headcount amid refocus on crypto derivatives while Dapper Labs cuts staff by 22%

A former research and development program manager at the company says it chose to “sunset” the division in tweet

The flailing lender is managing “pending proceedings” with Singapore law enforcement

The company seeks to use its $6 billion balance sheet to potentially acquire companies at attractive valuations

Analysts had predicted a decline in earnings prior to the layoff announcement

Celsius has reportedly downsized its workforce as the troubled cryptocurrency lender continues to battle potential bankruptcy.

Thousands of employees have been let go at the start of this crypto winter, but experts say layoffs are not necessarily the best option for companies