The company has begun another round of layoffs, according to several posts and LinkedIn posts from former employees.

Axios reports, citing a company source, that the crypto team, which is building a blockchain-based wallet, has been hit hard.

GameStop partnered with the collapsed cryptocurrency exchange FTX in September “to introduce more GameStop customers to the FTX community and its digital asset trading platforms.” After FTX began collapsing early last month, GameStop decided to end its relationship with the exchange, tweeting on Nov. 11 that it was “winding down its relationship” with FTX.US.

GameStop CEO Matt Furlong, in a copy of an email sent to employees obtained by Kotaku, did not specify the scope of the layoffs, but called them “staff reductions” in various teams. Furlong called the decision “preemptive” and “difficult,” and blamed it on the current economic climate.