Data: The proportion of layoffs in centralized cryptocurrency exchanges in January reached 84%

ChainCatcher news, according to a new report from CoinGecko, January 2023 was the second highest month for cryptocurrency layoffs, with a new wave of layoffs hitting the industry, leaving up to 2,806 people unemployed. According to the study, due to "the bear market and challenging global macroeconomic conditions continuing to squeeze company profits," the total number of layoffs in the crypto industry last month may also push the total layoffs for 2023 to exceed nearly 7,000 from last year.

It is reported that in January's data, centralized cryptocurrency exchanges accounted for 84% of the total layoffs. Researchers pointed out that the decline in trading volume and revenue were the main reasons behind the layoffs. Major crypto exchanges that announced layoffs in January include Huobi, Coinbase, Blockchain.com, Crypto.com, and Luno. For some of these companies, last month was not the first wave of layoffs, as companies like Coinbase and Crypto.com first laid off employees in June 2022. (source link)