BlockFi offers employee buyouts to further reduce headcount one month after cutting 20% of staff

The cryptocurrency lender BlockFi is reportedly offering employees buyouts—sorry, a "voluntary separation program"—in an effort to reduce their headcount even further. Those employees receive 10 weeks of paid leave, 10 weeks of continued health insurance, and unemployment eligibility if they resign.

The move came only a month after BlockFi laid off 20% of their employees, or around 170 people. The company appears to be struggling to stay afloat, soliciting $400 million in loans from Sam Bankman-Fried's FTX crypto exchange and signing a deal with FTX that gives the exchange the opportunity to acquire them.