It’s not a great time to work in the cryptocurrency sphere: Within the past month, Ethereum has plummetted over 38 percent and Bitcoin has dropped over 21 percent. Crypto is only going to the moon “if you’re Australian and the moon is down,” to borrow some phrasing from Rusty Foster. It’s an absolute bloodbath out there, even by tumultuous crypto standards.
On Monday, trading platform BlockFi announced that it’s laying off nearly 200 of its employees, a decision that brings founder Zac Price “great sadness.” But they’re not the only Web3 company rapidly shedding employees.
