Blockchain.com Lays Off Another 28% of its Workforce as Crypto Winter Intensifies

London-based cryptocurrency exchange and wallet provider Blockchain.com has revealed that it will implement a second round of job cuts. This time, the company plans to reduce its total headcount by 28%.

According to a CoinDesk report, a representative for Blockchain.com disclosed the job cut through an email, citing the company’s attempt to reduce operating costs.

The reduction will see another set of 110 employees exit Blockchain.com. The company initially implemented a 25% job cut, laying off 150 workers in July 2022 after recording a $270 million exposure to bankrupt crypto hedge fund Three Arrows Capital (3AC).

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