Crypto Layoffs Report 2024
Tracking job cuts across the crypto, Web3 and blockchain industry in 2024. Data sourced from public announcements and news. Know of a layoff that's missing? Submit it below.
Total jobs cut
60+
across disclosed cuts
Companies affected
23
with public announcements
Biggest cut
~67%
Binance.US
Primary reason
Market conditions
cited most often
| Company | Jobs cut | % of workforce | Date ↓ | Reason | Source |
|---|---|---|---|---|---|
 CircleFintech | — | 6% | Dec 5, 2024 | Restructuring | BinanceBinance+1 more |
 FoundryBitcoin Mining | — | 16% | Dec 4, 2024 | Market conditions | DecryptCoinDesk |
 Sky MavisL1/Protocol | — | 21% | Nov 28, 2024 | Market conditions | CoinGeek |
 KrakenExchange | — | — | Nov 1, 2024 | Restructuring | Banking Dive |
 ConsensysWeb3 Infrastructure | — | 20% | Oct 30, 2024 | Market conditions | Banking DiveFortune+4 more |
 dYdXDeFi | — | 35% | Oct 30, 2024 | Market conditions | dlnews.comthedefiant.io+4 more |
| KrakenExchange | — | 15% | Oct 30, 2024 | Restructuring | The New York TimesBlockworks+3 more |
NLNova LabsWeb3 | — | 36% | Oct 26, 2024 | Restructuring | Binance |
MLMatter LabsL2 | — | 16% | Sep 3, 2024 | Market conditions | CoinDesk |
CBCustodia BankFintech | — | — | Aug 30, 2024 | Regulatory | Crypto Briefing |
RRadixL1/Protocol | — | 15% | Aug 29, 2024 | Market conditions | Bitget |
 BraveWallet | — | 15% | Aug 28, 2024 | Market conditions | The Block |
SSwanBitcoin mining | — | — | Jul 22, 2024 | Restructuring | The BlockCoinDesk |
 PaxosFintech | — | 20% | Jun 13, 2024 | Restructuring | ForkLogCoinDesk+1 more |
 BakktFintech | — | 13% | May 6, 2024 | Restructuring | PYMNTS.com |
 Yuga LabsWeb3 | — | — | Apr 28, 2024 | Restructuring | Blockworksdlnews.com+2 more |
 KnownOriginNFT Marketplace | — | — | Mar 14, 2024 | Restructuring | Prolific North |
SSorareWeb3 Gaming | — | 13% | Mar 6, 2024 | Market conditions | techcrunch.comfinance.yahoo.com |
 Binance.USExchange | — | 66.7% | Mar 5, 2024 | Regulatory | Fortunetheblock.co |
| KnownOriginNFT Marketplace | — | 30% | Feb 20, 2024 | Market conditions | Bitcoin WorldProlific North+1 more |
EeBayNFT Market/Web3 | — | 30% | Feb 20, 2024 | Market conditions | CryptoRank |
 Galaxy DigitalFintech | — | 20% | Feb 19, 2024 | Market conditions | pymnts.com |
FFireblocksBlockchain infrastructure | — | 3% | Feb 7, 2024 | Market conditions | CTechBlockworks+1 more |
 Polygon LabsL1/Protocol | −60 | 19% | Feb 1, 2024 | Market conditions | BeInCryptoCoinDesk+2 more |
 BlockFintech | — | 10% | Jan 31, 2024 | Restructuring | forklog.comForkLog+1 more |
Layoffs by month
People laid off (red) and companies affected (blue) per month in 2024.
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Updated July 2026 · CryptoJobsList
Data from public announcements & news. Not financial advice.
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