In 2026, 11 crypto & fintech companies have cut a combined 16,347 jobs, averaging 20.2% 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 | |
| Intuit | 3,000 | 16.5% | AI-DRIVEN | |
| Capital One | 1,100 | 1.6% | MERGER | |
| BILL Holdings | 700 | 30.0% | RESTRUCTURE | |
| Coinbase | 700 | 14.0% | AI-DRIVEN | |
| Robinhood | 290 | 10.0% | RESTRUCTURE | |
| PayPal | 251 | 1.1% | RESTRUCTURE | |
| Bolt | 250 | 33.3% | AI-DRIVEN | |
| Trustly | 200 | 25.0% | RESTRUCTURE | |
| Gemini | 200 | 25.0% | AI-DRIVEN | |
| Crypto.com | 180 | 12.0% | AI-DRIVEN | |
| Chime | 150 | 10.0% | AI-DRIVEN | |
| Rapyd | 100 | 14.3% | AI-DRIVEN | |
| Fiserv | 98 | 0.3% | RESTRUCTURE | |
| BitGo | 85 | 15.0% | RESTRUCTURE | |
| FalconX | 69 | 11.0% | RESTRUCTURE | |
| Bitcoin Suisse | 60 | 30.0% | COST CUT | |
| Polygon Labs | 60 | 23.1% | RESTRUCTURE | |
| Ethereum Foundation | 54 | 20.0% | RESTRUCTURE | |
| MARA Holdings | 40 | 15.0% | AI-DRIVEN |