Layoffs
Exodus Movement
54 jobs, July 17, 2026
BitGo
90 jobs, June 25, 2026
Coinbase
700 jobs, May 5, 2026
Block
4,000 jobs, Feb. 26, 2026
Gemini
25 jobs, Feb. 5, 2026
Lido
15 jobs, Aug. 1, 2025
ProtocolsLayoffs
Noah Tweedale Fires Dozens at Pump.fun Before Tokens Vest
Pump.fun cut more than 40 staff in two rounds starting in early April 2026, weeks before the first quarter of their PUMP token grants was due to vest in June. The company's own team and investors collected a $102 million unlock in July.
Payments & ConsumerLayoffs
Exodus Movement Cuts a Quarter of Its Workforce
Exodus Movement cut about 25 percent of its global workforce on July 17, 2026, a move CEO JP Richardson tied to the company's shift into stablecoin payments.
Payments & ConsumerLayoffs
Gnosis Cuts Its Gnosis App Team, Spins Out the Product
Gnosis Ltd reduced the team behind its consumer wallet, Gnosis App, and told its community on July 17, 2026, that the product would leave the company entirely by the third quarter.
Markets & VenuesLayoffs
BitGo Cuts 15% of Staff to Focus on AI, Stablecoins
BitGo chief executive Mike Belshe cut nearly 15% of the company's workforce on June 25, 2026, five months after its IPO, to concentrate staff on security, trading, stablecoins, settlement, and AI infrastructure.
ProtocolsBoard Seats
pcaversaccio Joins the Ethereum Foundation Board After 54 Job Cuts
Hsiao-Wei Wang left on June 18, 2026, the Ethereum Foundation cut 54 jobs on June 23, and pcaversaccio joined its board on July 29.
ProtocolsLayoffs
Dune Cuts a Quarter of Its Staff, CEO Says
Dune co-founder and CEO Fredrik Haga said on May 14, 2026 that the crypto data firm had let 25 percent of its team go that week, pointing to AI tools and institutional demand as the reasons to restructure.
ProtocolsExits and Removals
Oren Katz Leaves StarkWare as It Splits Into Two Units
Oren Katz, StarkWare's chief operating officer, resigned on April 13, 2026, the day CEO Eli Ben-Sasson told staff the company would cut jobs and split into two business units.
ProtocolsExecutive Hires
Bruno Martins Replaces Nik Bougalis as Algorand's CTO Before Layoffs
The Algorand Foundation named Bruno Martins acting CTO on March 1, 2026, cut a quarter of its staff on March 18, and absorbed Algorand Technologies on March 19.
Payments & ConsumerLayoffs
Block Cuts 40% of Staff, Citing AI Tools
Block told shareholders on February 26, 2026, that it was cutting its workforce by more than 40 percent, from over 10,000 employees to under 6,000, with CEO Jack Dorsey saying intelligence tools let a smaller team do more.
Markets & VenuesExecutive Hires
Justin Wales Replaces Nick Lundgren as Crypto.com's Chief Legal Officer
Crypto.com named Justin Wales chief legal officer on April 16, 2026, the day Nick Lundgren resigned and a court heard its Nevada appeal, 28 days after a 12 percent staff cut.
Markets & VenuesLayoffs
Gemini Cuts 25% of Staff, Exits UK, EU and Australia
Gemini announced on February 5, 2026, that it would cut a quarter of its global workforce and shut down trading in the UK, the European Union and Australia to focus on the US and prediction markets, CoinDesk reported the same day.
Payments & ConsumerCEO Changes
Robby Yung Takes The Sandbox From Its Co-Founders
Animoca Brands' investments chief became CEO of The Sandbox on Aug. 28, 2025, with both co-founders moved out of executive roles.
ProtocolsLayoffs
Lido Cuts 15% of Its Contributor Teams
Lido co-founder Vasiliy Shapovalov said on August 1, 2025, that Lido Labs, Lido Ecosystem and Lido Alliance would cut 15% of their contributor teams to control costs despite a market upswing.
ProtocolsLayoffs
Safe Cuts 14 Jobs in Restructuring After Bybit Hack
Safe co-founder Lukas Schor announced on April 16, 2025, that the self-custody wallet had laid off 14 employees and would split into three teams following February's $1.43 billion Bybit hack.
Payments & ConsumerLayoffs
Trung Nguyen Cuts 21 Percent of Sky Mavis Staff
Sky Mavis laid off 21 percent of its staff on November 23, 2024.
ProtocolsLayoffs
Consensys Cuts 20 Percent of Its Workforce
Consensys cut 162 employees on October 29, 2024, a cut it put at 20 percent of its team, as CEO Joe Lubin told Cointelegraph the firm was moving to decentralize MetaMask, Linea and its other Ethereum products.
ProtocolsCEO Changes
Antonio Juliano Retakes dYdX Trading and Lays Off 35 Percent
Antonio Juliano resumed the CEO role at dYdX Trading on Oct. 10, 2024 and cut 35 percent of the core team on Oct. 29. Open interest on the dYdX chain tripled in 58 days, then fell 75.1 percent below its level on the day he returned.
Payments & ConsumerLayoffs
PayPal Cuts 9 Percent of Its Global Workforce
PayPal CEO Alex Chriss told employees on January 30, 2024, that the company would cut about 9 percent of its global workforce, a cut PYMNTS put at roughly 2,500 positions.
ProtocolsLayoffs
Emin Gün Sirer Cuts 12 Percent of Ava Labs Staff
Ava Labs founder and CEO Emin Gün Sirer confirmed a 12 percent staff cut on November 7, 2023, calling it a move to double down on growth.
Payments & ConsumerLayoffs
Roham Gharegozlou Cuts 51 More Jobs at Dapper Labs
Dapper Labs CEO Roham Gharegozlou confirmed the company's third round of layoffs in eight months on July 13, 2023, calling the result leaner.
Markets & VenuesExits and Removals
Patrick Hillmann Leaves Binance Eight Days Before 1,000 Jobs Go
Patrick Hillmann, Binance's chief strategy officer, announced his exit on July 6, 2023, and CoinDesk reported on July 14 that the exchange had cut more than 1,000 jobs.
Markets & VenuesLayoffs
Luno Cuts 35 Percent of Its Staff in Crypto Winter
Luno chief executive Marcus Swanepoel told employees on January 25, 2023, that the exchange would cut 35 percent of its roughly 960-person staff, following layoffs at sibling firm Genesis and rivals Kraken and Coinbase.
Markets & VenuesLayoffs
Kraken Cuts 1,100 Jobs as Crypto Winter Deepens
Kraken cut about 1,100 jobs, or 30 percent of its workforce, on Nov. 30, 2022, after the collapse of FTX, with CEO Jesse Powell citing slower trading volumes and fewer new clients.
Payments & ConsumerLayoffs
Stripe Cuts 14 Percent of Its Workforce
Stripe laid off around 14 percent of its roughly 8,000 employees on Nov. 3, 2022, with CEO Patrick Collison telling staff the company had 'overhired for the world we're in.'
Markets & VenuesLayoffs
Hodlnaut Lays Off 40 Employees Amid Singapore Police Action
Hodlnaut cut 80 percent of its staff, about 40 employees, on August 19, 2022, as it sought judicial management in Singapore while police pursued separate proceedings against the lender.
Payments & ConsumerLayoffs
OpenSea Lays Off About 20 Percent of Its Staff
OpenSea CEO Devin Finzer told the company's staff on July 14, 2022, that the NFT marketplace was letting go of roughly 20 percent of its team to prepare for a prolonged crypto winter.
ProtocolsCEO Changes
Peng Zhong Leaves Ignite as Layoffs Pass Half the Staff
Ignite's CEO announced his last day on July 1, 2022, the day CoinDesk reported cuts above 50 percent of the Cosmos builder's staff.
Markets & VenuesLayoffs
Bitpanda Lays Off Staff to Scale Down to 730 Employees
Bitpanda told staff on June 24, 2022, that it would scale down to a target of about 730 people, citing a hiring pace its own founders called unsustainable.
Markets & VenuesLayoffs
Coinbase Cuts 18% of Its Workforce in First Layoff Round
Coinbase CEO Brian Armstrong announced on June 14, 2022 that the exchange would cut 18% of its staff, about 1,100 employees, after what he called four times growth in 18 months left its costs too high for a down market.
