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The prolonged bear market reduced the interest in cryptocurrencies and hampered the operations of numerous industry players. Some leading exchanges, including Amid a massive bear market of crypto in 2025, some industry firms like ConsenSys reportedly fired up to 60% of their workforce, announcing plans to hire 600 With the bears ruling the crypto kingdom, exchanges were forced to fire a significant number of people from their respective firms. This big staffing cut further caused Swyftx, a leading Australian crypto exchange, laid off 21% of its staff on August 17. The company cited not only the current crypto bear market as justification for In announcing a new massive layoff, Coinbase joins the growing list of firms that had to cut their staff amid the ongoing bear market, including Winklevoss brothers As the bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff. The unrelenting On the same lines, have a look at the top 10 crypto exchanges that are firing their employees now. Amid the current bearish market, Gemini had cut down its employees by The cryptocurrency bear market has struck a significant blow to the sector’s labor market. As of July 2, at least 3,500 specialists from around the world in the fields of Trading platforms’ revenues are bleeding forcing them to cut down on staff to stay afloat during this turbulent period. Here’s a full list of exchanges that have fired staff The Comprehensive List of Cryptocurrency Exchanges That Fired Staff During the 2025 Bear Market

The Comprehensive List of Cryptocurrency Exchanges That Fired Staff During the 2022 Bear Market

The cryptocurrency bear market has struck a significant blow to the sector’s labor market. As of July 2, at least 3,500 specialists from around the world in the fields of Trading platforms’ revenues are bleeding forcing them to cut down on staff to stay afloat during this turbulent period. Here’s a full list of exchanges that have fired staff.

The prolonged bear market reduced the interest in cryptocurrencies and hampered the operations of numerous industry players. Some leading exchanges, including Coinbase, Gemini, and others, were forced to make difficult decisions regarding their workforce.

As the bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff. The unrelenting pressure of declining trading volumes and overall market sentiment impacted profitability across the board.

Crypto Exchanges That Announced Layoffs in 2022

This list aims to provide a comprehensive overview of crypto exchanges that implemented significant staff reductions during the 2022 bear market. While precise numbers can be difficult to verify, we've compiled data from various reputable sources. Please note that this list may not be exhaustive and is subject to updates as more information becomes available.

  • Coinbase: In announcing a new massive layoff, Coinbase joins the growing list of firms that had to cut their staff amid the ongoing bear market, including Winklevoss brothers' Gemini.
  • Gemini: Amid the current bearish market, Gemini had cut down its employees by a significant percentage.
  • Swyftx: This big staffing cut further caused Swyftx, a leading Australian crypto exchange, laid off 21% of its staff on August 17. The company cited not only the current crypto bear market as justification for the decision.
  • [Insert Other Exchanges Here with details and sources] - Example: Crypto.com - Reduced staff by approximately X% in [Month, Year] due to market conditions (Source: [Link to News Article]).
  • [Insert Other Exchanges Here with details and sources]
  • [Insert Other Exchanges Here with details and sources]

On the same lines, have a look at the top 10 crypto exchanges that are firing their employees now. While we don't have definitive confirmation of exact numbers from *every* exchange, this provides a snapshot of the trend.

It's important to remember that the crypto industry is still relatively young and volatile. Bear markets are a natural part of the cycle. The hope is that these measures will allow these companies to weather the storm and emerge stronger in the future.

Disclaimer: This information is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.

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