official Massive Layoffs in Cryptocurrency Business [Coinbase, etc]

[MrD]

Here is an up-to-date list of layoffs of cryptocurrency-related companies:

Swiftx

• Employees: 74+ people (21% of the company)
• Date: 08/17/2022
• Source: https://swyftx.com/au/media/press-releases/changes-to-the-team-2022/

Genesis

• Employees: 52+ people (20% of the company)
• Date: 08/17/2022
• Source: https://www.coindesk.com/business/2022/08/17/crypto-broker-genesis-cutting-20-of-workforce-as-ceo-michael-moro-exits/

Crypto.com (2nd round)

• Employees: 750+ people (15%+ of the company)
• Date: 08/16/2022
• Source: https://decrypt.co/107509/second-layoff-round-at-crypto-com-worse-than-june-cuts-sources

RobinHood.com

• Employees: 1000 people (23% of the company)
• Date: 08/02/2022
• Source: https://www.wsj.com/articles/robinhood-lays-off-23-of-staff-11659471011

CoinFlex.com

• Employees: ?? people (50-60% of the company, according to PR)
• Date: 07/29/2022
• Source: https://www.thebharatexpressnews.com/coinflex-announces-layoffs-amid-survival-efforts/

CoinSquare.com

• Employees: 30 people (24% of the company)
• Date: 07/28/2022
• Source: https://betakit.com/coinsquare-lays-off-24-percent-of-staff-amid-turbulent-crypto-market-shifted-focus-to-regulation/

Blockchain.com

• Employees: 150 people (25% of the company)
• Date: 07/21/2022
• Source: https://www.coindesk.com/business/2022/07/21/blockchaincom-cuts-25-workforce-amid-crypto-bear-market/

Gemini (2nd round)

• Employees: 68 people (7% of the company)
• Date: 07/18/2022
• Source: https://techcrunch.com/2022/07/18/crypto-exchange-gemini-executes-second-round-of-layoffs-less-than-two-months-after-axing-10-of-staff/

OpenSea

• Employees: 230 people (20% of the company)
• Date: 07/14/2022
• Source: https://techcrunch.com/2022/07/14/nft-marketplace-opensea-lays-off-20-percent-of-its-staff-we-have-entered-crypto-winter/

Celsius

• Employees: 150 people (23% of the company)
• Date: 07/04/2022
• Source: https://fortune.com/2022/07/04/crypto-lender-celsius-reportedly-laying-off-150-insolvency-worries/

BitPanda

• Employees: 270 people (27% of the company)
• Date: 06/24/2022
• Source: https://brutkasten.com/bitpanda-kuendigungen/

ByBit

• Employees: 600 people (30% of the company)
• Date: 06/20/2022
• Source: https://techcrunch.com/2022/06/20/bybit-crypto-exchange-joins-the-the-list-of-companies-cutting-staff/

BitOasis

• Employees: 9 people (5% of the company)
• Date: 06/19/2022
• Source: https://www.reuters.com/markets/rates-bonds/middle-east-focused-crypto-firm-bitoasis-cuts-jobs-amid-sector-turmoil-2022-06-19/

Coinbase

• Employees: 1100 people (18% of the company)
• Date: 06/14/2022
• Source: https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html

Crypto.com

• Employees: 260 people (5% of the company)
• Date: 06/10/2022
• Source: https://blockworks.co/crypto-com-cutting-5-of-workforce-amid-digital-asset-downturn/

Gemini.com

• Employees: 100 people (10% of the company)
• Date: 06/02/2022
• Source: https://www.bloomberg.com/news/articles/2022-06-02/winklevoss-twins-gemini-slashes-staff-10-on-crypto-slump

2TM (Mercado Bitcoin)

• Employees: 90 people (12% of the company)
• Date: 06/01/2022
• Source: https://www.terra.com.br/noticias/tecnologia/2tm-dono-do-mercado-bitcoin-demite-90-funcionarios,9ce67613ba7b79292f03bc2027ceb77e9uw5hy0w.html

Bitso

• Employees: 80 people (11% of the company)
• Date: 05/26/2022
• Source: https://www.coindesk.com/business/2022/05/26/top-latin-american-crypto-exchange-bitso-lays-off-80-employees/

BuenBit

• Employees: 80 people (45% of the company)
• Date: 05/23/2022
• Source: https://www.coindesk.com/business/2022/05/24/argentinian-crypto-exchange-buenbit-cuts-45-of-staff-due-to-tech-industry-downturn/

BitMex

• Employees: 75 people (25% of the company)
• Date: 04/04/2022
• Source: https://www.theblock.co/post/140412/bitmex-lays-off-75-employees-after-bank-acquisition-collapses

Sources:

https://layoffs.fyi/, https://www.trueup.io/layoffs

[MrD]

Blockchain.com

• Employees: 150 people (25% of the company)
• Date: 07/21/2022
• Source: https://www.coindesk.com/business/2022/07/21/blockchaincom-cuts-25-workforce-amid-crypto-bear-market/

[MrD]

CoinSquare.com

• Employees: 30 people (24% of the company)
• Date: 07/28/2022
• Source: https://betakit.com/coinsquare-lays-off-24-percent-of-staff-amid-turbulent-crypto-market-shifted-focus-to-regulation/

[MrD]

RobinHood.com

• Employees: 1000 people (23% of the company)
• Date: 08/02/2022
• Source: https://www.wsj.com/articles/robinhood-lays-off-23-of-staff-11659471011