Cryptocurrency Companies Laying off Staff in 2022

Following the high inflation rates and recession rumours globally, most companies are laying off staff. The most recent layoffs in June following the market surge and over $200 billion liquidation in the crypto markets on 14th June 2022.

• Coinbase - Laying off over 1,100 employees

• BlockFi - Laying off 20 percent of its workers

• Crypto.com - Laying of 260 employees

Other exchanges

• Celsius announces that it has halted the withdraw function of its users

Note: BlockFi denies any involvement with Celsius in the lay off plans

“https://twitter.com/BlockFi/status/1536371460692127744?s=20&t=0oldgfwUE5yVBZE5sbVWbA”