![R3 downsizing, lays off 20% of staff citing economic challenges](https://crypto.news/app/uploads/2023/08/crypto-news-layoffs-office-backgroun-bright-light-low-poly-style-880x525.jpg)
Layoff News
Latest Layoff News
![Yuga Labs CEO announces layoffs, focusing on ‘getting back to roots’](https://crypto.news/app/uploads/2023/02/layoff-cut-staff-exit-880x525.jpeg)
News
Yuga Labs will restructure, expecting to result in team members' layoffs.
![Polygon Labs cuts 19% of staff, increases compensation for remaining team](https://crypto.news/app/uploads/2023/02/layoff-cut-staff-exit-880x525.jpeg)
News
Polygon Labs' CEO announced the departure of 60 staff members, representing 19% of its workforce.
![Polygon](https://coin-images.coingecko.com/coins/images/4713/large/polygon.png?1698233745)
![NEAR Foundation slashes 40% of staff to focus on ‘higher-impact’ activities](https://crypto.news/app/uploads/2023/11/crypto-news-black-woman-in-business-shows-trading-charts-people-talk-office-background-dark-tones02-880x525.webp)
News
NEAR Foundation has decided to lay off nearly half of the team, saying its internal processes were moving too slowly. In a blog announcement on Jan. 11, NEAR Foundation, a non-profit entity behind the NEAR protocol, said it had slashed…
![NEAR Protocol](https://coin-images.coingecko.com/coins/images/10365/large/near.jpg?1696510367)
![BlackRock plans layoffs amid ESG pullback and spot ETF approval](https://crypto.news/app/uploads/2023/11/crypto-news-Blackrock-option07-880x525.webp)
News
The impending reduction of approximately 600 positions mirrors the BlackRock approach from 2023, where layoffs were aligned with employee performance metrics.
![Most notable crypto bankruptcies in 2023](https://crypto.news/app/uploads/2023/10/crypto-news-Bankruptcy-office-background-dark-tones-sixties-retro-futuristic-illustration-v5.2-880x525.webp)
Feature
Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. The cascading collapse of two industry giants, Terraform Labs (responsible…
![Bittrex Global ceases trading amid operations wind down](https://crypto.news/app/uploads/2023/02/crypto-news-layoffs-blurry-background-dark-tones-sixties-retro-futuristic-illustration-880x525.jpg)
News
Bittrex Global is set to cease its trading operations globally on Dec. 4, following its U.S. arm's legal settlement with the SEC and an ongoing complex regulatory landscape.
![Ava Labs axes 12% of staff to redirect efforts towards expansion](https://crypto.news/app/uploads/2023/02/layoff-cut-staff-exit-880x525.jpeg)
News
Ava Labs, the team developing the Avalanche blockchain, has announced a 12% reduction in its workforce, attributing the decision to strategically reallocating its resources. The firm’s CEO and founder, Emin Gün Sirer, confirmed the layoffs on Nov. 7, following announcements…
![OpenSea CEO announces layoffs for half of workforce](https://crypto.news/app/uploads/2023/07/OpenSea06-880x525.jpg)
News
Ethereum’s oldest NFT marketplace is downsizing its workforce as part of a "2.0 strategy" focused on community, product, and reliability.
![Yuga Labs targets Otherside development after restructuring, CEO states](https://crypto.news/app/uploads/2023/09/crypto-news-metaverse-space-low-poly-style-v5.2-1-880x525.png)
News
According to CEO Daniel Alegre, Yuga Labs has completed its restructuring process and is now focusing on its metaverse extension, Otherside. In a social media post on X, Alegre responded to concerns and feedback from Yuga Labs’ diverse NFT communities…
![Bitmain fired employees after salary data leak](https://crypto.news/app/uploads/2023/02/layoff-cut-staff-exit-880x525.jpeg)
News
Bitmain, the largest manufacturer of Bitcoin (BTC) mining ASICs, has decided to fire the employees who broke the rules by posting company salary information online. On Oct. 8, according to information from the working social platform Maimai Community, some employees…
![Crypto browser Brave quietly lays off 9% of workforce](https://crypto.news/app/uploads/2023/02/crypto-news-layoffs-blurry-background-dark-tones-sixties-retro-futuristic-illustration-880x525.jpg)
News
A spokesperson for the firm behind the browser said the layoffs were made due to a challenging economic environment. Brave Software, Inc., a company behind the Brave crypto web browser, reduced its workforce by 9% to optimize cost management amid…
![Ledger cuts 12% of staff](https://crypto.news/app/uploads/2023/02/crypto-news-layoffs-blurry-background-dark-tones-sixties-retro-futuristic-illustrat-880x525.jpg)
News
The CEO and chair of Pascal Gauthier announces the firm will be cutting its staff by 12% in an Oct. 5 blog post citing the “longevity of the business.”
![Chainalysis lays off 15% of staff to curb expenses](https://crypto.news/app/uploads/2023/10/crypto-news-layoffs-office-backgroun-bright-light-low-poly-style-2-880x525.jpg)
News
Chainalysis, a blockchain analysis company backed by Singapore’s leading wealth fund GIC, has reduced its workforce by 15%.
![Binance US loses head of legal and chief risk officer](https://crypto.news/app/uploads/2023/09/crypto-news-filing-a-lawsuit-two-figures-sitting-on-the-table-modern-office-background-day-light-low-poly-style-v5.2-880x525.png)
News
The head of legal, Krishna Juvvadi, and chief risk officer, Sidney Majalya, are leaving Binance US following the recent news on layoffs. According to the Wall Street Journal, the departure of both executives follows the recent exit of its former…
![R3 downsizing, lays off 20% of staff citing economic challenges](https://crypto.news/app/uploads/2023/08/crypto-news-layoffs-office-backgroun-bright-light-low-poly-style-880x525.jpg)
News
R3, a New York-based blockchain enterprise, slashes its workforce by over 20% in a strategic move to conserve resources
![CZ responds to Binance liquidity and employee turnover concerns](https://crypto.news/app/uploads/2023/07/crypto-news-Changpeng-Zhao-CZ-low-poly-style-v5.2-880x525.jpg)
News
Binance CEO Changpeng “CZ” Zhao has dismissed recent rumors, asserting the firm's financial and employee stability despite market uncertainty.