In January, we cut about 20% of our employees, which would result in roughly 950 people losing their jobs. Declining crypto markets and lower expectations for growth in tech companies are rough - so need to cut resources. This move came after we had cut around 1,100 employees in June 2022, which was also about a fifth of our workforce at the time.
Folks that got cut got 14 weeks of base pay, health insurance, and assistance in finding their next job.