--- title: "A Comprehensive List of Layoffs In the Crypto Industry" canonical: "https://beta.metaintro.com/blog/web3-tech-layoffs-update-february-2024" language: "en" author: "laceykaelani" published: "2024-01-31T00:00:00.000Z" modified: "2025-04-08T17:55:14.470Z" --- [Back to Blog](/blog) [Layoffs](/blog/tag/layoffs)[News](/blog/tag/news)[Hiring](/blog/tag/hiring)[Web3](/blog/tag/web3)[Crypto](/blog/tag/crypto)[AI](/blog/tag/ai)[Blockchain](/blog/tag/blockchain) # A Comprehensive List of Layoffs In the Crypto Industry - January 31 2024 A layoff tracker to all of the web3 and AI companies that have announced employee reduction over the past 120 days. When will it be enough? [![Lacey Kaelani](https://cdn.metaintro.com/rs:fill:40:40/q:72/plain/images/2934b90b-ca20-4439-bc56-71b4f5733545_1766029465094.png)Lacey Kaelani @laceykaelani](/blog/author/laceykaelani) [January 31, 2024](/blog/archive/2024/01)3 min read ![faecfd58-ddb4-42fa-851b-34dccdd7e5c5.png](https://cdn.metaintro.com/rs:fill:1200:675/q:78/plain/images/faecfd58-ddb4-42fa-851b-34dccdd7e5c5.png) [https://x.com/intent/tweet?text=A%20Comprehensive%20List%20of%20Layoffs%20In%20the%20Crypto%20Industry%20-%20January%2031%202024&url=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024](https://x.com/intent/tweet?text=A%20Comprehensive%20List%20of%20Layoffs%20In%20the%20Crypto%20Industry%20-%20January%2031%202024&url=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024)[http://www.facebook.com/sharer.php?u=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024](http://www.facebook.com/sharer.php?u=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024)[https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024&title=A%20Comprehensive%20List%20of%20Layoffs%20In%20the%20Crypto%20Industry%20-%20January%2031%202024](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024&title=A%20Comprehensive%20List%20of%20Layoffs%20In%20the%20Crypto%20Industry%20-%20January%2031%202024)[mailto:?subject=A%20Comprehensive%20List%20of%20Layoffs%20In%20the%20Crypto%20Industry%20-%20January%2031%202024&body=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024](mailto:?subject=A%20Comprehensive%20List%20of%20Layoffs%20In%20the%20Crypto%20Industry%20-%20January%2031%202024&body=https%3A%2F%2Fbeta.metaintro.com%2Fblog%2Fweb3-tech-layoffs-update-february-2024) The layoffs have continued into February, and they don't look like they're slowing down. Why track the web3 layoffs? First, it helps us to have a full picture on the the impact on the web3 industry. Second, it helps us to identify the companies that are facing the most pressure. Most importantly, it helps us to identify the talent that is available to hire. This list is updated monthly by the Metaintro team. ## January 2024: - [Discord laid off 17% of their total employees](https://www.theverge.com/2024/1/11/24034705/discord-layoffs-17-percent-employees) due to "growing headcount too quickly over the past few years". - Block/CashApp starts the process of [laying off over 12,000 employees](https://cryptonews.com/news/jack-dorseys-block-inc-initiates-layoffs-to-reach-12000-employee-cap.htm) which is set to end by the December of 2024. - [Twitch](https://www.theverge.com/2024/1/10/24032187/twitch-layoffs-video-game-industry) cut one third of their staff after the layoff rumor went around for [weeks](https://www.reuters.com/technology/amazons-twitch-lay-off-35-workforce-bloomberg-news-2024-01-09/). - [PayPal cut 2,500 employees](https://www.businessinsider.com/paypal-job-cuts-2024-layoffs-ai-2024-1?r=US&IR=T), or 9% of all employees, due the the new integration of AI tools. - [Microsoft lays off](https://www.metaintro.com/blog/microsoft-gaming-layoffs-activision-blizzard-integration) 1,900 Activision Blizzard employees. - [NEAR Foundation](https://crypto.news/near-foundation-slashes-40-of-staff-to-focus-on-higher-impact-activities/) cut 40% of employees. - Unity [laid off 20% of their staff](https://www.metaintro.com/blog/unity-video-game-software-giant-cuts-workforce-1800-jobs). - Humane, Sam Altman's recent investment, [laid off 4% of their workforce](https://www.livemint.com/ai/sam-altman-backed-startup-humane-implements-cost-cutting-measures-lays-off-4-of-workforce-11704885561548.html).' - Blackrock, who is leading the group of 12 applicants looking for Bitcoin ETF approval, [is laying off 600 employees.](https://coingape.com/breaking-bitcoin-etf-applicant-blackrock-to-lay-off-3-of-workforce/) ## December 2023: - Blockdaemon [reportedly laid off](https://www.linkedin.com/feed/update/urn:li:activity:7138039324893184000/) 25% off staff. - Forkast Labs [laid off their editorial staff](https://www.theblock.co/post/265619/forkast-layoff-cryptoslam) as part of a merger with CryptoSlam. - Swyftx cut over [90 employees](https://www.bloomberg.com/news/articles/2022-12-05/ftx-tremors-spur-australian-crypto-exchange-swyftx-to-lay-off-35-of-staff). ## November 2023: - Ava Labs, the parent company to the Avalanche token, lays off [12% of employees.](https://www.metaintro.com/blog/ava-labs-lays-off-12-of-avalanche-studios-employees-amid-bear-market) - Qredo, the Coinbase-backed startup, cuts workforce [by half](https://www.metaintro.com/blog/coinbase-ventures-backed-qredo-cuts-workforce-by-half). - OpenSea does another round of layoffs in 2023 by cutting [50% of their marketplace staff.](https://www.metaintro.com/blog/opensea-lays-off-50-of-marketplace-staff-crypto-winter-is-not-over) - C3.AI [cut staffers](https://www.bloomberg.com/news/articles/2023-11-20/c3-ai-fires-workers-telling-staff-that-we-are-on-a-diet) across various departments. ## October 2023: - Brave lays off [9% of staff.](https://www.metaintro.com/blog/brave-layoffs-amidst-economic-challenges) - Epic Games lays off [staff.](https://www.metaintro.com/blog/tech-industry-layoffs-from-epic-games-to-roblox) - Roblox cuts [30 team members.](https://www.metaintro.com/blog/tech-industry-layoffs-from-epic-games-to-roblox) - CertiK cuts [15% of staff,](https://www.coindesk.com/tech/2023/10/13/certik-blockchain-code-auditor-makes-strategic-workforce-adjustment-of-15/) even after raising $150M in fresh capital last year. - Stack Overflow says 'goodbye' to an [undisclosed number of employees.](https://www.metaintro.com/blog/stack-overflow-lays-off-employees-amidst-ai-push) - Yuga Labs lays off [120 employees](https://twitter.com/HashBastardsNFT/status/1710378472210669910) as part of a "restructuring". - Chainalysis reduces [15% of staff.](https://www.metaintro.com/blog/chainalysis-reduces-15-of-staff-in-layoffs) - Ledger, the French security company, says 'au revoir' to [12% of their employees.](https://www.metaintro.com/blog/ledger-cuts-12-of-staff) - Coinhouse [slashes 15% of workforce](https://decrypt.co/201820/crypto-firm-coinhouse-slashes-workforce-15-citing-reduced-enthusiasm-web3) citing, 'Reduced Enthusiasm for Web3' - Chia fired [26 of its 70 employees](https://www.coindesk.com/policy/2023/10/02/chia-network-lays-off-third-of-its-staff-as-loss-of-banker-delayed-going-public/) as a delay comes in going payload. ## Hiring? Here's a list of employees that were impacted by the layoffs: If you're actively hiring, this is the list that you need: - [OpenSea alumni](https://docs.google.com/spreadsheets/d/1UjoUDsjxYeKByZ4_ybsIFmTrXYJUVzzce3H7hMckD58/edit#gid=0) - [Hubspot past employees](https://docs.google.com/spreadsheets/d/1uyTQmiT0CBSJBum-GVc-TDcPyL825RkAnBu9nNIA5wc/edit?resourcekey#gid=1886320755) - [Glean AI past employees](https://docs.google.com/spreadsheets/d/1RrpTXQqAqJViDc1plMFalexjXHWSmzikLnzOwO9XzLc/edit#gid=0) - [Shopify alumni network](https://docs.google.com/spreadsheets/d/1L5D3tsBaOqglScgXG_Vn2fRURJddaZw5gWBshLe3hgk/edit#gid=1759779833) - [Dropbox alumni](https://coda.io/@alumni/dropbox-alumni-list) - [Lyft talent directory](https://docs.google.com/spreadsheets/d/1ZN2U2EK62w0XJua8wfc0DuZBOsLdMfsUPQIvsnLnO8M/edit#gid=846710616) - [Glassdoor alumni directory](https://docs.google.com/spreadsheets/d/1WL5GRUK7FYW83bIy8cuwdx7R5UGbhYj1AuAqi8Kcj84/edit#gid=555211402) - [Olive AI past employees](https://docs.google.com/spreadsheets/d/1dGu7jbSjzgP0JqaYEMunouIS5S2tYK5McY2DBmehyRg/edit#gid=1862953173) ## **👇 Send us layoff tips!** We love tips on tips on tips. If you have news about a web3 or AI layoff, please contact us [here](https://www.metaintro.com/support). 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