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December 28, 2022, 12:59PM EST
• 4 min read

Summary of Layoffs in 2022

Atharv Deshpande

Quick Take

  • This is a section adapted from The Block Research’s 2023 Digital Asset Outlook report.
  • The digital asset sector observed 9,564 layoffs in 2022, the highest yearly layoffs in the history of the industry. 
  • 7,037 layoffs, or 74% of the total, corresponded to companies from the Trading/Brokerage category.
  • Based on The Block Research’s analysis, the sector-wide attrition rate in 2022 was ~10%.

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