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Crypto winter is coming, with companies announcing more than 1,700 layoffs so far in June alone

From businessinsider.com

Crypto winter is coming — and so are crypto layoffs. Multiple crypto exchanges have announced layoffs that will, by Insider's calculations, add up to roughly 1,700 job cuts in total. Here's a rundown of which major crypto companies have announced layoffs so far in June: Gemini said on June 2 that it would be cutting about 10% of its workforce. The company has an estimated 1,000 employees, which means 100 stand to be laid off. Crypto.com announced on June 11 it was terminating 5% of its workforce, or 260 employees. On June 14, BlockFi said it was reducing 20% of its 850-strong workforce, or 170 employees. Coinbase ... (full story)

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  • Category: Fundamental Analysis