Everclear achieved $500 million in monthly volume, but "never developed the commercial depth," the team said on Thursday.
Dune CEO Fredrik Haga said the firm "let 25% of the team go this week" on X, in part citing its heavy investment in AI-powered tools.
StarkWare is cutting staff and restructuring under two units as CEO Eli Ben-Sasson says the firm is "simply too big" to move fast.
Crypto.com cut 12% of its staff, or about 180 roles based on a prior headcount, as CEO Kris Marszalek pointed to an AI integration shift.
The non-profit Algorand Foundation is the latest to cut staff amid rising macro uncertainty, crypto market stagnation, and the rise of AI.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Several other crypto companies have recently conducted layoffs, including OP Labs, Block Inc., and Gemini exchange.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
OP Labs CEO and Optimism co-founder Jing Wang clarified that the layoffs were not driven by financial difficulties.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum scaling firm Polygon Labs disputed reports of a 30% workforce reduction, saying role overlaps from acquisitions drove the changes while its headcount remains the same.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The job cuts amount to about 50 people, based on June employment numbers.
Kraken hinted that its managerial structure would be reformed, without explaining the details.
“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post.