stable coins
By James Thorp
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12 Companies Cut Jobs in July. Twelve crypto firms announced layoffs in July, per data from CryptoJobsList.
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Gnosis Restructures, Tries to Place Former Staff. On July 17, blockchain infrastructure developer Gnosis shared its own restructuring plans, which…
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Luno just axed a fifth of its global workforce. The exchange, owned by Digital Currency Group and headquartered originally in South Africa, is restructuring around institutional…
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CEO James Lanigan pointed to investments in automation and operational improvements as the main drivers behind the cuts.
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Twelve crypto firms announced layoffs in July, per data from CryptoJobsList. That's not a blip — that's a pattern.
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Exodus, the crypto wallet company, moved earlier in July too — cutting 25% of its workforce.
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On July 17, blockchain infrastructure developer Gnosis shared its own restructuring plans, which included workforce reductions. Gnosis didn't just cut and move on, though.
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See also: South Koreas Stablecoin Gap: Hashed and Solana Policy Institute Push for Interim Rules
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Gnosis' approach here is worth watching. Crypto layoffs often happen fast and with minimal support for the people leaving.
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The broader industry backdrop makes all of this feel less like isolated decisions and more like a coordinated reckoning.
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CryptoJobsList's data also covers crypto-adjacent fintech companies, not just pure-play crypto firms, which probably makes the 7,254 figure a bit harder to parse.
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Luno's shift toward institutional services is probably the most telling signal here. The company built its name on retail access — making crypto easy for everyday users in…
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See also: Visa Bets on OpenUSD and Tokenized Deposits in Stablecoin Push
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Exodus is making a similarly sharp turn. A card-issuance and stablecoin-payments platform isn't the same company that made a name selling a pretty desktop wallet.
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And somewhere in the background, Gnosis is quietly trying to find jobs for the people it let go, while the rest of the industry figures out what it actually wants to be.
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