Crypto companies lay off hundreds within weeks, blaming weak markets and strong artificial intelligence.

Jinse Finance reported that in recent weeks, Algorand, a certain exchange, Block, another exchange, OP Labs, PIP Labs, and Messari have all carried out layoffs. The reasons given by these companies include weak token prices and integration of artificial intelligence. In January, the number of new job postings on major cryptocurrency recruitment websites was about 6.5 per day, a decrease of approximately 80% compared to the same period last year. The companies mentioned in this article alone (excluding Messari, which did not disclose specific figures) announced layoffs of about 450 people within just a few weeks. According to statistics, during the crypto winter of 2022, more than 26,000 jobs were lost throughout the year, and this figure only gradually became apparent several months later.