Estimates suggest 9,829 were affected in the first quarter, a figure which more than trebled to reach 37,463 in Q2, the research found. Commenting on the figures, Florian Zandt, data journalist with research site Statistica, noted that online used car retailer Carvana slashed its workforce by 2,500 employees in May, while the staff cuts among more notable examples in this time frame like Netflix or PayPal were comparably minor. The "crypto winter" has also contributed to the trend, he said, as exchange Coinbase let go between 20 percent and a third of its workforce.