Published on November 10, 2023

A Comprehensive List of Layoffs In the Crypto Industry - November 2023

Henry Russell

@henryrussell

The crypto bear market is having a significant impact on the web3 industry, with many companies announcing layoffs in recent months. This blog post will track all of the known layoffs in the web3 space, updated monthly.

Tracking web3 layoffs is important for a number of reasons. First, it helps us to understand the impact of the crypto bear market on the web3 industry. Second, it helps us to identify the companies that are facing the most pressure. Third, it helps us to identify the talent that is available to hire.

November 2023:

Ava Labs, the parent company to the Avalanche token, lays off 12% of employees.
Qredo, the Coinbase-backed startup, cuts workforce by half.
OpenSea does another round of layoffs in 2023 by cutting 50% of their marketplace staff.

October 2023:

Brave lays off 9% of staff.
Epic Games lays off staff.
Roblox cuts 30 team members.
CertiK cuts 15% of staff, even after raising $150M in fresh capital last year.
Stack Overflow says 'goodbye' to an undisclosed number of employees.
Yuga Labs lays off 120 employees as part of a "restructuring".
Chainalysis reduces 15% of staff.
Ledger, the French security company, says 'au revoir' to 12% of their employees.
Coinhouse slashes 15% of workforce citing, 'Reduced Enthusiasm for Web3'
Chia fired 26 of its 70 employees as a delay comes in going public.

Looking to hire any of these employees that have been laid off?

Real web3 talent doesn't come by every day, and we know that finding those individuals can be incredibly hard to find (cough cough hence us building Metaintro). So, we compiled a list of those incredibly talented individuals who have been laid off. If you're looking for your next great employee, this is the list that you need: