Axie Infinity creator Sky Mavis lays off 50 employees
Sky Mavis lays off 50 employees to streamline operations for future growth. Layoffs are a strategic move, not due to financial instability or poor performance. Axie Infinity’s token AXS dropped…
Consensys lays off 20% of its total workforce
Consensys cuts 20% of its workforce due to economic and regulatory challenges. CEO Joe Lubin criticizes the SEC’s actions as a harmful “abuse of power.” The company aims to enhance…
ZKsync developer Matter Labs lays off 16% of its workforce
Matter Labs has laid off 24 employees, over 16% of its workforce, amid market changes. The company is shifting focus from general-purpose scaling to niche applications. Despite layoffs, Matter Labs…
Dapper Labs lays off 51, cites prolonged crypto winter in NFT market
51 Dapper Labs employees have been laid off in the recent layoff. This is the third round of layoffs for Dapper Labs. It made prior layoffs in November and February.…
Coinbase lays off 950 employees, CEO says the exchange is well capitalized
The exchange wants to reduce operating costs by 25%. It is the second crypto exchange after Huobi to confirm layoffs in 2023. Coinbase CEO has however confirmed that the exchange…