Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise

It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January.

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FTX collapse could see crypto sector layoffs accelerate

While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”

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Cosmos Blockchain Developer Ignite Layoffs Employees, CEO Peng Zhong Resigns

Ignite CEO, Peng Zhong, has parted ways with the company. A few days ago, the firm announced job cuts of more than 50% of its employees amid the difficult market conditions. (Read More)

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BitPanda Lays off Hundreds of Employees, Citing Tough Market Conditions

The Austria-based crypto trading firm is the latest in a series of startups that have resorted to layoffs since last month, owing to the current difficult market conditions. (Read More)

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Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites

More companies including Crypto.Com and BlockFi announced massive layoffs due to a downturn in their financial valuations amid the wider cooling of the market. (Read More)

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Meta Cuts 10,000 Jobs and Refocus on Core Projects

Meta Platforms is cutting 10,000 jobs, cancelling lower-priority projects, and winding down efforts with non-fungible tokens on Facebook and Instagram.

The post Meta Cuts 10,000 Jobs and Refocus on Core Projects appeared first on BitPinas.

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