Crypto startup Fireblocks has decided to slash jobs as the firm undergoes restructuring. According to a Bloomberg report, Fireblocks is planning to lay off nearly 3% of its workforce. The move echoes in tandem with other market players with Polygon Labs and SNAP token creator also announcing job cuts previously.
Fireblocks to slack 3% of its workforce
According to Bloomberg, Fireblocks Inc. lowered its workforce on Tuesday after a planned restructuring. The move comes as other tech and financial markets are also grappling with job cuts. The move also adds to the 32,000 jobs that have been lost in the digital sector this year alone.
“To give our customers a more streamlined and efficient service and to position the company for expansion into new geographies, Fireblocks has been working to restructure our go-to-market and customer support operations over the last six months,” the company said in a statement to Bloomberg. “The reorganization has affected less than 3% of our teams”
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