Fireblocks Layoffs
February 2024
Fireblocks announced a layoff affecting 20 employees (3% of its workforce) in February 2024. The company operates in the Crypto sector.
20
3%
Feb 7, 2024
About
Blockchain unicorn Fireblocks is laying off 20 employees, representing 3% of its workforce, as part of a restructuring effort announced in February 2024. The company, which provides an enterprise platform for digital assets and was valued at $8 billion in 2022, stated the move aims to streamline its go-to-market and customer support operations for greater efficiency and to facilitate expansion into new regions. This marks the second round of layoffs, following a reduction of about 30 staff in February 2023. Despite the cuts, Fireblocks continues to hire, with approximately 100 open positions, half of which are in Israel, and has reassigned around 20 other employees to new roles within the company.
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