Layoffs

Layoffs

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Crypto Exchange BitMEX Lays Off 75 Workers

The global job cuts will impact about 25% of the company's workforce and come after plans by a company founded by BitMEX executives to buy a German bank fell through in March.

(Shutterstock)

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Crypto News Outlet BlockTV Shuts Down, Citing Impact of COVID-19

Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees.

Credit: BlockTV

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New Layoffs Hit Ethereum Incubator ConsenSys

ConsenSys is laying off dozens more staffers, two people familiar with the matter tell CoinDesk.

The ConsenSys headquarters pictured in 2016. (Credit: CoinDesk archives)

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Novogratz's Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%

Galaxy Digital, the crypto merchant bank founded by Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said.

Michael Novogratz

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Circle Confirms New Round of Layoffs Following Co-CEO Departure

Circle laid off about 10 employees in its latest effort to cut costs. The move follows a round of 30 layoffs in May.

Sean Neville image via CoinDesk archives

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Blockchain Sleuthing Firm Chainalysis Slashes 20% of Workforce

Chainalysis laid off 39 employees Thursday citing the need for a "path to profitability."

Chainalysis at Consensus 2019

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Zcash Developer Electric Coin Co. Reveals Q1 Financial Loss

The for-profit arm supporting zcash has issued a new report saying it avoided layoffs throughout the bear market despite being in the red.

Zooko Wilcox, CEO of the Electric Coin Company (Credit: CoinDesk archives)

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Crypto Startup Circle Cuts 30 Employees Citing Market, Regulatory Conditions

Circle is laying off roughly 30 people, CoinDesk has learned.

circle-allaire-bitcoin2014

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As ICO Business Dried up, This Firm's Headcount Fell From 120 to 50

Significant layoffs at Ambisafe tell the tale of another ICO services startup that got too big in 2018.

luxury watch gears, via Shutterstock
https://www.shutterstock.com/image-photo/macro-close-luxury-mechanism-watch-gears-1329873020?src=X6AboKDr4Gs2MookxGHPYQ-1-1

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Dash Core Group to Lay Off Staff in 'Crypto Winter' Cost-Cutting Effort

The company behind cryptocurrency project Dash is to reduce its staffing levels in a cost-cutting effort brought on by the bear market.

Dash, chart