Celsius Layoffs
July 2022
Celsius announced a layoff affecting 150 employees (25% of its workforce) in July 2022. The company operates in the Crypto sector.
150
25%
Jul 3, 2022
About
Celsius, an American-Israeli cryptocurrency lending platform, is laying off approximately 150 employees, which represents about a quarter of its workforce. This significant staff reduction comes as the company grapples with a severe financial crisis, having paused all customer withdrawals three weeks prior due to extreme market conditions. The layoffs, occurring in early July 2022, are part of broader organizational changes as Celsius has hired restructuring consultants to explore options, including strategic transactions and liability restructuring, in an effort to stabilize its operations and liquidity.
More Crypto Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl