Business 17 April 2019

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.

Business 17 April 2019

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.

Business 19 March 2019

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.

Business 5 February 2019

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.

Business 31 January 2019

NEM Foundation is almost bankrupt

The NEM blockchain, which is behind the NEM (XEM) cryptocurrency, isn’t doing so well.

Business 23 January 2019

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.

Business 9 January 2019

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.

Business 26 December 2018

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.

Business 30 November 2018

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.​

Business 10 October 2018

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.