Kraken announced on Wednesday that

The latest victims of Crypto Winter? Nearly one-third of Kraken

As prices plunge, companies collapse and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy

Kraken announced on Wednesday that the crypto exchange is laying off 30% of its workforce, about 1,100 employees, as a cost-cutting measure amid Crypto Winter.

Many significant crypto firms have

Crypto Winter is not bothering Most Employees: Report

The so-called crypto winter has seen digital asset prices fall (including those of NFTs), lawsuits, bankruptcies, and job losses.

Many significant crypto firms have been letting go of employees to cut costs. 1,100 people were laid off from Coinbase. 260 employees were let go from Crypto.com. 100

Some are going broke

Despite Crypto Winter, Metaverse and NFT Job Market Is Still

Kraken, the world’s third-largest exchange by trading volume, announced cutting off its workforce by 30% to deal with current market conditions. Specifically, the San-Francisco based company

Some are going broke, some are experiencing pay cuts and layoffs, and some were prepared and are unaffected. To gauge the overall effects this crypto winter has had

Coinbase cut

Coinbase cut 18% of its staff in June, Gemini reduced it by 10% in July and Crypto.com reduced the staff by 5%. Even with such percentages, there’s been no decline in

In particular, crypto news and research platform, The Block published a report on Dec. 21, revealing that crypto-related employment has risen by 351% since 2025. It

Crypto Winter Casualties Continue: Kraken To Lay Off Over 1,000

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Crypto Winter: Who Was Prepared, Who’s Going Broke, What Are