Crypto Layoffs Report 2023
Tracking job cuts across the crypto, Web3 and blockchain industry in 2023. Data sourced from public announcements and news. Know of a layoff that's missing? Submit it below.
Total jobs cut
2,320+
across disclosed cuts
Companies affected
37
with public announcements
Biggest cut
~50%
Qredo
Primary reason
Market conditions
cited most often
| Company | Jobs cut | % of workforce | Date ↓ | Reason | Source |
|---|---|---|---|---|---|
TTokens.comWeb3 | — | 40% | Nov 10, 2023 | Market conditions | BetaKit |
ALAva LabsL1/Protocol | — | 12% | Nov 7, 2023 | Market conditions | CoinMarketCapCryptonews.net |
 OpenSeaNFT Marketplace | — | — | Nov 3, 2023 | Market conditions | CoinDesk |
 QredoWallet | — | 50% | Nov 1, 2023 | Market conditions | The Block |
 Parity TechnologiesL1/Protocol | — | 30% | Oct 25, 2023 | Market conditions | Forkast NewsYahoo Finance+1 more |
 PolkadotL1/Protocol | — | — | Oct 17, 2023 | Restructuring | dlnews.comdlnews.com+1 more |
 Yuga LabsNFT/Web3 | — | — | Oct 7, 2023 | Market conditions | games.ggArtnet News+5 more |
 LedgerWallet | — | 12% | Oct 5, 2023 | Market conditions | bloomberg.com |
ULUtopia LabsInfrastructure | — | — | Oct 4, 2023 | Market conditions | unchainedcrypto.com |
 ChainalysisResearch | — | 15% | Oct 3, 2023 | Market conditions | CoinDesk |
CNChia NetworkL1/Protocol | — | 33% | Oct 2, 2023 | Market conditions | CoinDesk |
RR3L1/Protocol | — | 20% | Sep 21, 2023 | Market conditions | CoinGeekdlnews.com |
 Binance.USExchange | −100 | 33% | Sep 14, 2023 | Regulatory | Forkast NewsFortune+3 more |
CCoinDeskResearch | — | 45% | Aug 14, 2023 | Restructuring | The Block |
 KuCoinExchange | — | 30% | Jul 31, 2023 | Restructuring | CoinGeek |
ABAnimoca BrandsWeb3 Investor | — | 20% | Jul 27, 2023 | Market conditions | Sifted |
 BinanceExchange | −1,000 | — | Jul 14, 2023 | Regulatory | FortuneWSJ |
DLDapper LabsWeb3 | −51 | — | Jul 13, 2023 | Market conditions | BetaKitCoinDesk |
CCircleFintech | — | — | Jul 12, 2023 | Restructuring | CoinDesk |
| Binance.USExchange | — | — | Jun 16, 2023 | Regulatory | Banking DiveCoinDesk |
 TaxBitFintech | — | 40% | Jun 10, 2023 | Market conditions | CryptoRankCryptoRank+1 more |
AArcaFintech | — | 30% | Jun 6, 2023 | Market conditions | Cryptonews.net |
| BinanceExchange | — | — | May 31, 2023 | Restructuring | theblock.coTech in Asia |
 GeminiExchange | — | — | May 29, 2023 | Market conditions | bloomberg.comBloomberg.com |
 MoonPayFintech | — | — | Mar 30, 2023 | Market conditions | The Block |
 Anchorage DigitalFintech | — | 20% | Mar 14, 2023 | Market conditions | BlockworksBanking Dive+1 more |
PTProtego TrustFintech | — | — | Mar 1, 2023 | Market conditions | CoinDesk |
 Dapper LabsWeb3 | — | 20% | Feb 24, 2023 | Restructuring | BetaKitDecrypt |
 MessariResearch | — | 15% | Feb 23, 2023 | Restructuring | CoinDesk |
 Polygon LabsL2 | −100 | 20% | Feb 22, 2023 | Market conditions | dlnews.comdlnews.com+4 more |
 ImmutableGaming | — | 11% | Feb 22, 2023 | Market conditions | CoinDeskCoinDesk |
 Magic EdenNFT Marketplace | −22 | 15% | Feb 14, 2023 | Restructuring | CoinDeskCoinDesk+1 more |
 Protocol LabsResearch | — | 21% | Feb 3, 2023 | Market conditions | CoinDesk |
LLunoExchange | — | 35% | Jan 25, 2023 | Market conditions | Fox BusinessFox Business |
 ConsenSysWeb3 Infrastructure | −97 | — | Jan 18, 2023 | Market conditions | FortuneCoinspeaker |
 Crypto.comExchange | — | 20% | Jan 13, 2023 | Market conditions | markets.businessinsider.comcnbc.com+5 more |
 Blockchain.comFintech | — | 28% | Jan 12, 2023 | Market conditions | CoinDeskPYMNTS.com |
 CoinbaseExchange | −950 | 20% | Jan 10, 2023 | Market conditions | The New York Timescnbc.com+15 more |
HHuobiExchange | — | 20% | Jan 6, 2023 | Market conditions | SiliconANGLE |
GGenesisFintech | — | 30% | Jan 5, 2023 | Market conditions | CoinDesk |
Layoffs by month
People laid off (red) and companies affected (blue) per month in 2023.
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Updated July 2026 · CryptoJobsList
Data from public announcements & news. Not financial advice.
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