Tags: jobs

Bitcoin (BTC) Slips Back Towards $43,000 as Investor Digest Strong US Jobs Report, Monitor Expected Upcoming Spot ETF Approvals

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‘AI Jobs‘ Search Hits Four Times Higher than ‘Crypto Jobs‘ During Bitcoin‘s Record High

The BLS releases its jobs report for March (David McNew/Getty Images)

Bitcoin fell to below $28,000 a day before the U.S. Labor Department is scheduled to release the jobs report for March. (CoinDesk/Helene Braun)

The process is just getting under way and the company, which employs about 300, said it cannot put an exact number on job losses.

The unemployment rate rose to 3.6 against forecasts for it to hold steady at 3.4.

The traditional tech industry that the FTX founder was embedded in is losing its luster.

The cuts will reportedly affect less than 5 of Chainalysis‘ staff, or about 40-50 people.

Wednesday morning‘s ADP jobs and ISM manufacturing reports both came in weaker than expected.

Luno said the cuts will affect employees in all regions.

The firm is the latest among the major crypto firms to announce layoffs.

The company expects the restructuring to cost $149 million-$163 million.

Bitcoin was steady in the immediate aftermath of the report at $16,750.

As a bear market sweeps the industry, CoinDesk is keeping a running list of industry players that have cut jobs.

The crypto-focussed bank is writing off its acquisition of Diem‘s assets.