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Laid-off employees will be provided with necessary assistance and resources, including severance pay equivalent to the full notice period, an additional one month of salary, variable pay and incentives owed.
CoinDesk is reportedly letting go of some workers on its editorial team months after it broke the story that led to FTX's collapse.
Binance's legal troubles are mounting, and recent reports suggest the company is reducing its workforce in the thousands days after a string of executive exits.
Crypto layoffs in January nears 3000 as crypto firms continue to cut jobs to stay afloat amid an unrelenting crypto winter.
In June, Crypto.com laid off more than 200 employees. The company has initiated a second round of layoffs. This time crypto.com fired around hundreds more.