Layoff

Prime Trust lays off one-third of staff becoming the latest in a string of industry tragedies
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5 February, 2023

Prime Trust lays off one-third of staff becoming the latest in a string of industry tragedies

Around 100 workers of Prime Trust were terminated as the firm faces financial woes brought about by COVID-19, with some...
Bittrex lays off 83 employees amid unfavorable macroeconomic market conditions
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4 February, 2023

Bittrex lays off 83 employees amid unfavorable macroeconomic market conditions

According to the ESD's Worker Adjustment and Retraining Notification (WARN), the terminations are expected to take effect on April 2...
CoinTracker lays off 20% of its staff due amid dire economic conditions
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1 February, 2023

CoinTracker lays off 20% of its staff due amid dire economic conditions

The affected employees were offered 12 weeks of pay and health care coverage for three months, including the perks of...
Digital Currency Group-owned exchange Luno axes 35% of staff
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27 January, 2023

Digital Currency Group-owned exchange Luno axes 35% of staff

It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry...
Digital Currency Group’s Luno exchange cuts staff, Grayscale won’t cut fees
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26 January, 2023

Digital Currency Group’s Luno exchange cuts staff, Grayscale won’t cut fees

In a 'town hall' meeting on January 25, U.K.-based digital assets exchange Luno revealed that around 35% of them were...
Digital currency firm Amber reduces employee count in Hong Kong: report
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22 January, 2023

Digital currency firm Amber reduces employee count in Hong Kong: report

Amber terminated the contracts of 40 individuals across several departments in its Hong Kong office, including risk management, IT, and...