2022 The Year of Crypto Layoffs
The crypto-verse has existed for years now, and the industry has seen several highs and lows. Despite this, 2022 would certainly go down as one of the worst years for cryptocurrencies. A plethora of bankruptcies, failed projects, and a bearish Bitcoin instilled fear among the community. It did not end there, as the “crypto winter” got colder with mass layoffs. However, this wasn’t limited to the cryptocurrency sector alone. Over 1000 tech firms sacked a whopping 152,730 employees in 2022 alone, as per Layoffs.fyi. Unquestionably, a sizable portion came from cryptocurrency. But in contrast to other sectors, it was significantly less. The industries with the most layoffs were consumer and retail driven. Right behind real estate, the digital asset sector came in at number eight. Here’s how many were sacked from the crypto industry According to a recent report, a whopping 9,564 bid adieu to the digital asset industry. This is reportedly the highest yearly layoff ...