Cryptocurrency bank Anchorage Digital will lay off approximately one-fifth of its staff, according to a report from Bloomberg on March 14.

In the face of economic challenges in the US, Meta, the social media behemoth, has announced job cuts to stay competitive and continue to invest in the metaverse. On March 14th, Meta CEO and founder Mark Zuckerberg revealed that the company will dismiss 10,000 employees to increase efficiency in 2023.

Blockchain.com is winding down its asset management arm, which launched last April.

February has come to an end, and although digital asset prices are swaying in the doldrums, the industry still notched small wins. Recent data shows that during the last month, only 570 employees of virtual currency firms lost their jobs.

On Feb. 23, Dapper Labs CEO Roham Gharegozlou sent a letter to the team announcing a “corporate restructure” and the layoffs.

Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares.

Crypto intelligence firm Messari has cut 15% of its employee base as part of a restructuring effort, the firm told CoinDesk.

Fireblocks, which has developed an enterprise-grade platform for moving, storing, and issuing digital assets, is laying off 30 employees, accounting for 5% of the team. This is the first time the company has laid off employees since the start of the crisis in high-tech, with around half of those leaving Fireblocks being based out of Israel.

Polygon Labs announced that it will reduce its team by 20% while stating that the company maintains a robust treasury.

Polygon Labs announced plans to reduce headcount by 20%, with about 100 staff affected.