March 1, 2013 -- Crypto layoffs slowed significantly in February, with about 570 layoffs, down 80% from 2,850 in January. The most recent cuts came from crypto analytics firms Elliptic and Messari, which cut 10% and 15% respectively. Chainalysis laid off 44 employees, or 4.8% of its workforce, in early February. NeilDundon, an Australian cryptocurrency recruiter, says the surge in layoffs is a macro event, not just in the Web3 space, but across technology, driven by fears of a prolonged recession.