THE WEEK BY

Last updated: June 16, 2025, 02:41  |  Written by: Cathie Wood

The Week By
The Week By

Silvergate Capital Fired Almost Half

Another Crypto Company Dismisses 40% of its Employees to

Silvergate Capital fired almost half of its staff after the company announced a plunge in crypto-related deposits in late 2025.

More than 14 crypto firms implemented layoffs in the first month of 2025, looking to stay afloat after being hit by the crypto winter. Huobi cuts 20% of its staff. A Huobi spokesperson

Octopus Network

In light of recent events, Australian cryptocurrency exchange Swyftx has shown 90 of its employees the exit door. It represents a layoff of around 40% of the entire workforce – a

Octopus Network – a multichain crypto network supporting Web3 applications – will lay off 40% of its staff members to ensure its survival amidst the ongoing crypto winter. The adverse

One such example is the cryptocurrency-focused investment firm – Paradigm. It reduced salaries instead of dismissing people. The multichain network supporting

Amid The Current Global Economic

Kraken, Bybit, Swyftx join the growing list of cryptocurrency firms cutting staff amid the bear market as repercussions of FTX bankruptcy continue to play out.

Banxa, a publicly listed Australian crypto payments operator, will reduce its staff headcount by 30%, according to the Australian Financial Review. The company’s CEO

Amid the current global economic slowdown, crypto exchange WazirX has reportedly laid off 40 per cent of its total workforce. A total of 50 to 70 employees of the 150

Indian crypto exchange WazirX fires 40% of staff: report

This Crypto Venue Fired 40% Of Employees Due To Bear Market

Despite Recent Market Revival, These Crypto Companies

Silvergate Capital Fires 40% of Staff Amid Weak Q4 Stats

Cryptocurrency Firms Slash Staff After FTX Collapse - Investopedia

Crypto Companies Cut Staff in Latest Rounds of Layoffs

Australian crypto trading firm Banxa to lay off almost a third of its

Cathie Wood can be reached at [email protected].

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