Crypto Industry Suffers Mass Job Cuts Amid Market Downturn

Crypto job postings have plummeted 80% year-over-year, averaging just 6.5 listings per day in January 2026, according to industry experts.

Companies like Gemini and Crypto.com have announced significant layoffs, citing AI integration as a primary reason for the workforce reductions.

However, industry observers warn that AI is not the real cause of the job cuts, but rather the collapse of sectors such as restaking, DePIN, and L2s.