Crypto Layoffs: NYDIG, WazirX, Coinbase, Gemini Among Firms Forced to Make Mass Job Cuts

The unrelenting crypto winter has continued to hit all corners of the industry, forcing some of the biggest players to curb their growth ambitions.

As these crypto companies work to stay afloat, CoinDesk has compiled a list of industry players that have cut back on staff. By our count, an estimated 11,708 crypto jobs have been lost as of Oct. 14, 2022, based on media reports and press releases. Here’s where we stand:

Source: News Formal (newsformal.com)

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The cryptocurrency industry is going through the throes of a crypto winter. Tokens such as bitcoin and ether have lost three-quarters of their value, while major crypto lending and investment firms have gone bankrupt. But to be fair, traditional finance

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