Crypto Hiring: Binabawasan ng mga fireblock ang bilang ng mga tao ng 3% sa pangalan ng kahusayan
Fireblocks, the custody platform once valued at $8 billion, laid off 21 members of its staff this week, or 3% of its total headcount. Its the second notable crypto firm to make layoffs in as many weeks after Polygon Labs announced it cut ties with 60 employees on Feb. 1. In both cases, the firms said the layoffs were made in the name of efficiency rather than financial necessity. In a statement to Bloomberg, Fireblocks said the layoffs were part of a broader restructuring in its go-to-market and customer support operations. The firm spoke about creating a “more efficient and streamlined service.” This reasoning echoed Polygon Labs‘ from last week, when CEO Marc Boiron said his firm’s layoffs were part of an effort to create an “efficient surgical team.” A chastened staffing outlook has been common among crypto‘s unicorns: When Coinbase announced it was letting 950 people go in January 2023, CEO Brian Armstrong urged the firm’s remaining staff to behave more like a startup and “remember what it feels like to have small, nimble teams that are able to get more done.” Fireblocks reached its $8 billion valuation with a $550 million Series E round in early 2022. Fireblocks also hinted that its hoping to



