On Feb. 23, Dapper Labs CEO Roham Gharegozlou sent a letter to the team announcing a “corporate restructure” and the layoffs. It is the second round of company layoffs following its downsizing of empl...
Tag: axes
Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some to a California resort
Picture a conference in Palm Desert, Calif., where the weather is warm and the activities are as much recreational as educational. Wells Fargo bankers were recently treated to such a company-sponsored...
Floki Inu Axes Way Up By 145% In The Weekly As Interest In The Meme Coin Grows
Floki Inu, a meme currency built on top of Binance’s BNB chain, has been making big headlines of late. Amidst the big names in the meme coin space like Dogecoin and Shiba Inu, this dog-themed cryptocu...
Direct Line Slumps 25% As It Axes Dividend On Claims Spike
Photo by In Pictures Ltd./Corbis via Getty Images Corbis via Getty Images Direct Line Insurance Group’s share price collapsed on Wednesday as it cancelled dividends due to a tough end to 2022. At 175p...
Twitter axes international staff in charge of global content moderation
Ella Irwin, Twitter’s vice president of trust and safety, told reporters that the social media giant had slashed some of its trust and safety staff last week due to slow volume growth. Twitter has rep...
SushiSwap Axes Lending Protocol and Token Launchpad
Ethereum-based decentralized finance (DeFi) protocol SushiSwap has made the decision to shut down Kashi, its lending protocol, and Miso, its token launchpad. Founded in 2020, SushiSwap allows customer...
A Week After Morgan Stanley Layoffs, Goldman Sachs Axes 4,000 Jobs
Goldman Sachs Group Inc (NYSE: GS) plans to lay off around 4,000 employees as it struggles to navigate a difficult economic environment, though no final list has been drawn up. As per Semafor, manager...
Adobe Reportedly Cutting 100 Employees While Plaid Axes 260
Plaid became the latest U.S. tech startup to conduct a massive round of layoffs on Wednesday, just as Adobe reportedly started laying off its staff—as employers fear high inflation could slide the eco...
Snap Inc. Shutters Web3 Division Amidst Axes.
Snap Inc. is going to reduce the size of employees by approx 20%. Growing interest rates is one of the main points for the reduction. On Friday, the Chief Executive Officer of Snap Inc, Evan Speigel, ...
Swyftx axes employees amid market downturn 1
Swyftx crypto exchange has announced that it has decided to axe 21% of its employees amid the biting market crash. This phenomenon has continued to overtake the market as most companies look for ways ...
Genesis CEO to Exit Position as Company Axes 20% of its Workforce: Report
The CEO of institutional crypto brokerage firm Genesis Global Trading, Michael Moro, will step down from his leadership position while the company is planning to cut off 20% of its workforce. Accordin...
Robinhood Axes 23% of Staff, Cites “Broad Crypto Market Crash”
Share this article Robinhood CEO Vlad Tenev said the layoffs were concentrated in its operations, marketing, and program management departments. Another Robinhood Staff Cut Robinhood is letting go o...
Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs – Exchanges Bitcoin News
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-c...
Thailand axes 15% tax for crypto traders a week after proposal
Thailand’s original plan to levy a 15% withholding tax on cryptocurrency transactions has been scrapped following major pushback from crypto traders. The statement announced only last week, set ...