Blockfi announced that crypto 'market conditions' have had a 'negative impact” on the firm and it will be laying off 'roughly 20%' of its staff.
On June 13, Blockfi joined the slew of companies laying off workers, as it noted that roughly 20% of its staff would be let go. “We’ve been through several tough days at Blockfi in the past, but. “Like many others in the tech industry, we have been impacted by the dramatic shift in macroeconomic conditions worldwide.
We are in the gut-wrenching position of needing to reduce our headcount today. This is not a decision we take lightly and candidly is one that brings us great sadness.”We are reducing our headcount by roughly 20% and the reduction impacts every team at the company. This decision was driven by market conditions that have had a negative impact on our growth rate and a rigorous review of our strategic priorities.
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