Job losses loom at Bitfarms due to coronavirus
The reduction in staffing comes amid a raft of other measures designed to reduce costs and maintain “long-term viability.”
The Latest layoff News
Troubled BCH thinks small as world looks for leadership
Recent events in the BCH world point to small-time thinking and often conflicted vision.
Sirin Labs lays off quarter of workforce
Sirin hasn’t been able to make the sales they thought they would with the down market, and now staff are paying the price.
Crypto platform Unocoin slashes staff as last-ditch funding talks fail
Half of cryptocurrency startup Unocoin’s remaining staff have been laid off in a desperate bid to conserve cash, down from over 100 staff at its peak in February 2018.
Bithumb to lay off over 50% of its staff
Bithumb announced on March 19 that it will be laying off 160 of its employees, due to a lack of trade volume.
Canadian exchange Coinsquare lays off 40 including COO and CFO
Coinsquare has announced it is laying off 40 of its employees in a move aims to streamline the crypto exchange in light of an ever-evolving market.
NEM Foundation is almost bankrupt
The NEM blockchain, which is behind the NEM (XEM) cryptocurrency, isn’t doing so well.
Token platform BlockEx ends 2018 with layoffs
The London-based startup had been tipped for big things, but after a number of setbacks over the past year, BlockEx now finds itself laying off staff, in a bid to remain viable.
ShapeShift lays off one-third of team
Citing the continued bear market in cryptocurrencies, Switzerland-based exchange ShapeShift has let go of 37 employees, about one-third of its work force.
Confirmed: Bitmain facing major staff reductions
When Bitmain filed for its initial public offering a few months ago, it indicated that it had 3,594 full-time employees. That number has dwindled to around 3,100 and the personnel cuts—which reports indicate has affected over 1,000 employees—will lead the company to be nothing more than a shell of its former self.
Steemit restructures with 70% job losses, citing crypto slowdown
Decentralised publishing and content distribution platform Steemit has become the latest blockchain company to feel the heat, as the slowdown in legacy cryptocurrency markets continues to bite.
Coinfloor, UK’s first crypto exchange, lays off staff: report
The exchange is now turning to significant redundancies amongst its 40 strong team, as part of a wider essential restructuring of their business, sources told Financial News.