BlockFi To Axe ‘Roughly 20%’ of Workforce Amid Crypto Winter

CoinEdition

Published Jun 14, 2022 09:54AM ET

BlockFi To Axe ‘Roughly 20%’ of Workforce Amid Crypto Winter

  • The CEO of BlockFi announced that the company is letting go of ‘roughly 20%’ of its employees.
  • CEO Zac Prince cites that the change in macroeconomic conditions affected the company’s growth rate.
  • Binance co-founder said that the company currently has 2,000 roles open.

Zac Prince, the CEO of crypto lending platform BlockFi, announced that the company is letting go of “roughly 20%” of its employees.

“The crypto space is still in its early stages, and bull markets tend to care more about price while bear markets have more value-conscious teams that continue to build the industry,” narrated Yi. “We see this as a great time to bring on top talent.”

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