Bybit Layoffs
December 2022
Bybit announced a layoff affecting 0 employees (30% of its workforce) in December 2022. The company operates in the Crypto sector.
0
30%
Dec 3, 2022
About
Bybit, a cryptocurrency exchange, conducted its second round of layoffs in 2022 on December 4th, reducing its workforce by 30% as part of a reorganization to survive the prolonged bear market. The company, which had grown to over 2,000 employees, made this difficult decision to refocus its structure and resources amid the industry slowdown. Affected employees received three months' salary as part of the offboarding process. This move followed an earlier round of layoffs in June, highlighting the ongoing challenges in the crypto sector during the downturn.
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