Luno Cuts 20% of Staff; 12 Crypto Firms Shed Jobs in July

On July 17, blockchain infrastructure developer Gnosis announced its own restructuring. The company did not disclose the size of the reductions. Gnosis is actively facilitating introductions for former employees – people in engineering, product, design, marketing, developer relations, and customer relations. Gnosis put out a call to companies hiring in those areas to reach out directly. The restructuring followed a review of Gnosis' consumer-facing Gnosis App earlier in July, the company said. Gnosis's approach stands out in an industry where layoffs often happen quickly with minimal support for departing staff.

The broader crypto market context makes the cuts feel less like isolated decisions. Stablecoin adoption, institutional crypto services, and blockchain infrastructure for traditional finance have all grown in recent years. Growth in those areas has not stopped firms from cutting parts of their business that no longer fit the new direction. Retail-focused teams, generalist roles, and middle-management layers appear to be taking the hardest hits, according to the data from CryptoJobsList. The tracker also covers crypto-adjacent fintech companies, not just pure-play crypto firms, which makes the 7,254 figure broader than a pure crypto-industry count.

Luno's shift toward institutional services signals a change in strategy. The company built its name on retail access for emerging markets. Moving toward banks and fintech infrastructure is a different business. Exodus is making a similarly sharp turn. A card-issuance and stablecoin-payments platform is not the same company that sold a desktop wallet. The $10 million to $13 million in projected annual savings gives the pivot financial logic.

CryptoJobsList counted 47 companies with layoffs in 2026. July added 12 more.