Crypto winter is coming, with companies announcing more than 1,700 layoffs so far in June alone
The layoffs have already begun at Crypto.com, BlockFi, and Coinbase, according to multiple media reports and LinkedIn posts. Gemini's cofounders said in a blog post that affected employees were notified on June 2. Both Buenbit and Bitso said layoffs have begun.after a 10+ year economic boom.
Crypto winter, or the multitrillion-dollar slump in cryptocurrency prices, comes after the industry hit record highs in late 2021. The global cryptocurrency marketBut now, fears of an
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