The largest number of employees left exchanges Sgurto.com (about 40% of the team), Coinbase (18%) and Kraken (30%). Also the platform Huobi in June laid off 30% of staff, NFT-marketplace OpenSea cut 20% of staff in July, and BitMEX has already conducted two layoffs.
The latest exchange to announce layoffs was Bybit. On Dec. 4, exchange CEO Ben Zhou announced staff reductions as part of a business reorganization. According to the latest data, we are talking about 30% of the staff.
Keep in mind the already held bankruptcies (FTX, BlockFi, etc.) and the output is a perfect storm in crypto. If you believe in the future of the crypto industry, when else to buy if not now?
