OpenSea, an NFT marketplace, laid off 20 per cent of its staff on July 14. Niantic had around 800 employees at the end of last year.

It was an effort to streamline operations and position the company to weather economic storms, CEO John Hanke told staff in an email. Niantic Inc., maker of the Pokemon Go video game, fired eight per cent of its team in June. TechCrunch reported that the company laid off another seven per cent on July 18 and said a leaked plan showed it was seeking to cut a total of 15 per cent, bringing it from 950 employees to 800 employees. Gemini Trust Co., a cryptocurrency exchange founded by Bitcoin billionaires Cameron and Tyler Winklevoss, announced a 10 per cent staff reduction in June. The company had nearly 5,000 employees at the end of 2021. The company ended the quarter with about 5,000 employees.Ĭompass Inc., a real estate brokerage platform, is eliminating 450 positions, about 10 per cent of its staff, according to a filing last month. “While it’s hard to predict the economy or the markets, we always plan for the worst so we can operate the business through any environment,” he said. “We appear to be entering a recession after a 10+ year economic boom,” CEO Brian Armstrong said in a blog post. Santiago/Getty ImagesĬoinbase Global Inc., a cryptocurrency exchange, told employees it was cutting 18 per cent of staff in June to prepare for an economic downturn. Amazon said it has 100,000 fewer staff than it did a year ago, adding it’s been adding jobs at the slowest rate since 2019. Article contentĪn Amazon worker pulls a cart of packages for delivery in New York City. This advertisement has not loaded yet, but your article continues below.

Amazon software engineer turnover rate