The crypto sector was hit the hardest by the recent plunge in markets. Coinbase cut 1,000 jobs – about a fifth of its employees, while Crypto.com and BlockFi are slashing a combined 400 jobs.
Crypto bosses “need to project a little humility in the face of job losses, hiring freezes and rescinding offers,” said Charley Cooper, former chief operating officer at the US Commodity Futures Trading Commission.
