Crypto layoffs decelerate, with layoffs falling to 570 in February By Cointelegraph

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Crypto layoffs decelerate, with layoffs falling to 570 in February

Published Feb 28, 2023 10:46PM ET Updated Mar 01, 2023 01:00PM ET

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Crypto layoffs decelerate, with layoffs falling to 570 in February

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Crypto industry layoffs appear to have slowed down significantly over the past month, with an estimated 570 crypto employees dismissed in February, down from an estimated 2,850 in January.

Cointelegraph compiled the figures based on publicly reported layoffs and found job cuts were spread across at least 12 companies over the 28-day period but noticeably lacked the triple-digit crypto exchange layoffs in January, such as those from Coinbase (NASDAQ:COIN), Crypto.com and Huobi.

Tech layoffs between January 2022 to February 2023. Source: Layoffs FYI

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