The cryptocurrency news website The Block lays off 27 employees, nearly half of whom are editors and researchers

ChainCatcher news, according to Blockworks citing informed sources, the crypto news website The Block laid off 27 people last Friday, affecting departments such as editorial, research, engineering, sales, and operations, with nearly half coming from editorial and research.

In December last year, The Block's former CEO Michael McCaffrey resigned after it was revealed by the media that he had secretly lent millions of dollars to SBF, and Bobby Moran took over. According to an Axios investigation, The Block has yet to become profitable. (source link)