Crypto Layoffs Report 2018
Tracking job cuts across the crypto, Web3 and blockchain industry in 2018. Data sourced from public announcements and news. Know of a layoff that's missing? Submit it below.
Total jobs cut
150+
across disclosed cuts
Companies affected
8
with public announcements
Biggest cut
~100%
Basis
Primary reason
Market conditions
cited most often
| Company | Jobs cut | % of workforce | Date ↓ | Reason | Source |
|---|---|---|---|---|---|
NFNEM FoundationL1/Protocol | −150 | — | Dec 31, 2018 | Market conditions | CoinDesk |
BBitmainMining | — | 50% | Dec 26, 2018 | Market conditions | CoinDesk |
SSpankchainAdult/Web3 | — | 50% | Dec 15, 2018 | Market conditions | Medium / Spankchain |
 BasisStablecoin | — | 100% | Dec 13, 2018 | Regulatory | CoinDesk |
 ConsenSysL1/Protocol | — | 13% | Dec 6, 2018 | Restructuring | CoinDesk |
 ETCDEVL1/Protocol | — | 100% | Dec 3, 2018 | Market conditions | CoinDesk |
SSteemitSocial | — | 70% | Nov 29, 2018 | Market conditions | CoinDesk |
 HuobiExchange | — | — | Aug 31, 2018 | Restructuring | CoinDesk |
Layoffs by month
People laid off (red) and companies affected (blue) per month in 2018.
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Updated July 2026 · CryptoJobsList
Data from public announcements & news. Not financial advice.
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