Luno slashed 20% of its workforce this July, part of a growing wave of crypto layoffs hitting the industry. At least a dozen companies have announced job cuts in the same month, signaling ongoing challenges.
The crypto downturn has forced firms like Luno and Gnosis to restructure, tightening their belts as market pressures mount. These layoffs come after months of volatility, with exchanges and service providers struggling to maintain stability.
This shift mirrors broader trends seen in the sector, following reports such as Luno’s previous workforce reductions. The industry’s contraction is causing ripple effects on employment and operations alike.
This article is for informational purposes and does not constitute financial advice.
