Published on January 31, 2024

A Comprehensive List of Layoffs In the Crypto Industry - January 31 2024

Lacey Kaelani

@laceykaelani

The layoffs have continued into February, and they don't look like they're slowing down.

Why track the web3 layoffs? First, it helps us to have a full picture on the the impact on the web3 industry. Second, it helps us to identify the companies that are facing the most pressure. Most importantly, it helps us to identify the talent that is available to hire.

This list is updated monthly by the Metaintro team.

January 2024:

Discord laid off 17% of their total employees due to "growing headcount too quickly over the past few years".
Block/CashApp starts the process of laying off over 12,000 employees which is set to end by the December of 2024.
Twitch cut one third of their staff after the layoff rumor went around for weeks.
PayPal cut 2,500 employees, or 9% of all employees, due the the new integration of AI tools.
Microsoft lays off 1,900 Activision Blizzard employees.
NEAR Foundation cut 40% of employees.
Unity laid off 20% of their staff.
Humane, Sam Altman's recent investment, laid off 4% of their workforce.'
Blackrock, who is leading the group of 12 applicants looking for Bitcoin ETF approval, is laying off 600 employees.

December 2023:

Blockdaemon reportedly laid off 25% off staff.
Forkast Labs laid off their editorial staff as part of a merger with CryptoSlam.
Swyftx cut over 90 employees.

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.
C3.AI cut staffers across various departments.

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.

Hiring? Here's a list of employees that were impacted by the layoffs:

If you're actively hiring, this is the list that you need:

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