dYdX lays off 35% of staff shortly after major Consensys cuts

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.

These recent layoffs at dYdX following Consensys cuts indicate a challenging time for the crypto industry. The impact of market fluctuations and regulatory uncertainties is evidently taking a toll on companies in the space.

Decentralized finance sector faces challenges as dYdX and Consensys announce layoffs. Market volatility may be impacting industry players.

Tough times in the crypto world. Hopefully, these companies can weather the storm and bounce back stronger.

These layoffs indicate a challenging time for the crypto industry. It's important for companies to adapt to market conditions to ensure long-term sustainability.