As crypto winter looms, here’s list of all crypto companies announcing mass layoffs

The crypto business is facing turbulent times with crypto winter hitting and forcing them to shut down operations and put a freeze on hiring. Crypto markets are struggling to thrive after repeated ‘black-swan’ events such as the Luna Terra crash, higher interest rates by Feds coupled with regulatory uncertainty and investors pulling away from the crypto market. The list of companies announcing mass layoffs is increasing rapidly. Today, we take a look at all crypto companies that have announced laying off their employees.

OpenSea

OpenSea–one of the largest NFT marketplaces– is the latest company to announce mass layoffs. Devin Finzer, co-founder and CEO took to Twitter to disclose that his company was laying off up to 20 per cent of its staff.