In 2026, 3 crypto & fintech companies have cut a combined 11,930 jobs, averaging 25.7% of workforce per company.
Crypto and fintech layoffs reflect an industry correcting from over-hiring during the 2021-2022 boom. Block's 40% reduction and Gemini's 30% total cuts show platforms that cannot sustain bull-market cost structures in a normalized market.
| Company | People Cut | % of Workforce | Date | Category |
|---|---|---|---|---|
| PayPal | 4,760 | 20.0% | AI-DRIVEN | |
| Block | 4,000 | 40.0% | AI-DRIVEN | |
| Capital One | 1,100 | 1.6% | MERGER | |
| BILL Holdings | 700 | 30.0% | RESTRUCTURE | |
| Coinbase | 700 | 14.0% | AI-DRIVEN | |
| Bolt | 250 | 33.3% | AI-DRIVEN | |
| Gemini | 200 | 25.0% | AI-DRIVEN | |
| Crypto.com | 180 | 12.0% | AI-DRIVEN | |
| MARA Holdings | 40 | 15.0% | AI-DRIVEN |