Celsius Network layoffs — Jul 4, 2022

Celsius Network lays off 150 employees, cutting 25% of workforce on July 4, 2022

Celsius Network, a fintech company in the crypto sector, reduced its workforce by 25% and laid off 150 employees on July 4, 2022. The downsizing was reported through Google News coverage of the event.

The company’s stated reason for the job cuts was tied to market conditions. No additional details were provided in the source about specific departments affected or whether further layoffs were planned.

Celsius Network operates in the fintech and crypto industry. The layoff announcement came during a period of broader market pressure across digital assets and related businesses, though the source provided only the company’s stated market-related rationale.

No direct quotes from company officials were included in the source text. Based on the available reporting, the company has not publicly outlined further steps beyond the workforce reduction.

Sources: Google News