The company behind cryptocurrency project Dash is to reduce its staffing levels in a cost-cutting effort brought on by the bear market.
Smart Contract Auditor Cuts 80% of Staff in Crypto Winter Cutbacks
After an initial boom, smart contract auditing firm Hosho went from from 37 employees to seven after business slowed in 2018.
We Asked 66 Startups Just How Bad This Crypto Winter Has Been
While the bear market has sparked layoffs at some firms, a survey conducted by CoinDesk found that many companies find the slowdown to be “a blessing.”
‘Decentralized Airbnb’ Starts Charging Fees as ICO Model Falters
Airbnb competitor Bee Token, founded by alums of Uber, are pivoting in an effort to boost revenue after conducting an ICO last February.
50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff
Once a top-100 cryptocurrency, Nebulas has laid off more than 60 percent of its staff since July 2018, CoinDesk has learned.
How BlockEx Went from $24 Million ICO to Layoffs in Less Than a Year
BlockEx, a London-based platform for launching and exchanging tokens, was beset by a series of setbacks that led to downsizing.
Chinese Mining Giant Bitmain Is Closing Another Overseas Office
China-based crypto mining giant Bitmain has confirmed the closure of its Amsterdam office as part of ongoing business adjustments.
ShapeShift Lays Off 37 in Latest Round of Crypto Industry Cutbacks
Crypto exchange ShapeShift has announced a round of layoffs, cutting its staff by a third.
Ethereum Chat Startup Status Lays Off 25% of Staff
Citing the crypto bear market, Status.IM has laid off 25 staffers and asked remaining employees to take a pay cut.
ConsenSys ‘Town Hall’ Shows Staff Shaken at Ethereum’s Largest Startup
Chat logs obtained from a ConsenSys town hall last week reveal a mix of shock and support following the company’s announced layoffs.
ConsenSys Confirms Layoffs, Projecting 13% of Staff at Startups to Be Cut
In a statement shared Thursday, ConsenSys announced that it is letting go 13 percent of its staff.