Data: The number of layoffs in the cryptocurrency industry in February dropped to 570, a month-on-month decrease of 80%

ChainCatcher news, the trend of layoffs in the crypto industry significantly slowed down in February, with approximately 570 layoffs, a decrease of 80% compared to 2,850 in January.

Recent layoffs came from crypto analytics firms Elliptic and Messari, which cut 10% and 15% of their workforce, respectively. At the beginning of February, Chainalysis laid off 44 employees, accounting for 4.8% of its total workforce. Australian cryptocurrency recruiter Neil Dundon stated, "The surge in layoffs is a macro event, occurring not only in the Web3 space but also across the entire tech sector driven by concerns over a prolonged downturn." (source link)