Netflix (NFLX) layoffs loom — once again. According to a new report from Variety, the streaming giant is poised to slash even more jobs following its last round of layoffs in May. A Netflix spokespers...
Tag: Cuts
Iran Cuts Power to All Licensed Crypto Miners – crypto.news
Iran will shut off electricity to all its 118 authorized crypto mining facilities this month. Authorities in the country have taken similar measures earlier, citing the increased need for electricity ...
LBank Exchange Continues To Hire Amid the Massive Crypto Job Cuts
Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and in...
Iran cuts electricity to licensed crypto miners: Bloomberg
Iran will cut electric power to all its 118 legal crypto mining centers this month as the country faces increased energy demand. According to a Bloomberg report, electricity to all 118 legal crypto mi...
Middle East Crypto Exchange, BitOasis, Cuts 5% Of Its Staff Citing Recession and Market Turmoil
As the bear market spreads, more cryptocurrency exchanges are joining the wave of mass layoffs, even though some analysts suggest that the bottom might be in. On June 19, BitOasis, a cryptocurrency ex...
Iran Cuts Power Supply To Crypto Mines;
Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country. As reported by Tehran times, this decision will be implemented on...
India’s CityMall cuts 191 jobs following $75 million fundraise in late March
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversa...
Coinbase Executive Reveals More Job Cuts Can Happen In Future
While there are major layoffs happening, Faryar Shirzad, the Chief policy officer at Coinbase, revealed that as part of a long-term plan which is to operate the firm responsibly, more job cuts could h...
More Job Cuts Could Be on the Horizon, Says Coinbase Executive
Amidst a slew of layoffs, the chief policy officer at Coinbase, Faryar Shirzad, admitted that further job cuts could come sometime in the future as part of a long-term plan to “operate the company res...
Russia again cuts natural gas exports to European countries
Russia reduced natural gas to Europe again Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies...
Maker cuts off Aave’s Dai supply as fallout from Celsius continues
MakerDAO has voted to cut off lending platform Aave’s ability to generate Dai for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosy...
Tesla’s Tough Quarter Means Price Hikes, Job Cuts And Stalled Production In China
Tesla Model Y and Model 3 electric vehicles built at the company’s Shanghai plant are loaded up to be shipped to Belgium. Shen Chunchen/VCG via Getty Images Tesla’s Model Y, the electric-car mak...
Russia Steps Up Energy Wars With Gas Cuts to Europe’s Top Buyers
(Bloomberg) — Russia stepped up the use of energy as a weapon by further cutting natural gas shipments via its biggest pipeline to Europe, prompting Germany to accuse the Kremlin of trying to dr...
Coinbase cuts workforce by 18% as the crypto market tumbles
Coinbase Global (COIN) is laying off approximately 1,100 people as part of a cost-cutting initiative, the firm announced in a filing on Tuesday. In May, Coinbase said it was reducing its hiring target...
Coinbase Cuts Team Size By 18% While Binance Opens 2,000 New Vacancies
Brian Armstrong, CEO of American exchange platform, Coinbase, is laying off 18% of the current team, as a means of ensuring checks and balances through the recession period. This is according to a sta...
Crypto Layoffs Continue as Celsius Rival BlockFi Cuts Staff by 20%
Crypto lending firm BlockFi today announced that it was cutting staff—making it the latest company in the digital asset space to give employees the chop amid a brutal bear market. The firm said in a ...
Coinbase Cuts Employees By 18% as Market Outlook Remains Bleak
CEO Brian Armstrong has announced that approximately 18% of all of Coinbase Global Inc’s workforce will be laid off as the cryptocurrency trading platform strategizes to navigate the now evident crypt...
Coinbase CEO Brian Armstrong Announces Massive Staff Cuts, Citing Recession and Crypto Winter
The head of leading US-based crypto exchange is making significant company-wide layoffs in preparation for a crypto winter. In a new blog post, Coinbase CEO Brian Armstrong announced the exchange will...
Crypto lender BlockFi cuts staff by ‘roughly 20%’
Crypto lending firm BlockFi said Monday that it is laying off “roughly 20%” of its staff. In a blog post, penned by co-founders Zac Prince and Flori Marquez, the company cited “marke...
After BlockFi, Coinbase cuts workforce by 18% as CEO admits to over-hiring
While it is one of the world’s biggest crypto-exchanges, it would seem that Coinbase is not immune to the market’s downturn either. According to a blog shared by CEO Brian Armstrong, the exchange will...
Crypto Lending Company Blockfi Cuts Staff by 20% – Bitcoin News
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The m...
BlockFi Cuts 20% of Workforce Amid Crypto Downturn
Key Takeaways BlockFi is firing 20% of its employees due to dramatic market conditions. The company is focusing on profitability ahead of what it acknowledges could be a prolonged global recession. Ot...
Target adapts to a more cautious shopper, ratchets up discounts and cuts guidance
Target is battening down the hatches on its business as its shoppers become more cautious in their spending due to spiraling inflation for food, gas, and shelter. The discount retailer — a few weeks r...
Brazilian crypto company 2TM cuts more than 80 employees
Brazil’s 2TM, a holding company for Mercado Bitcoin, the country’s biggest crypto exchange by market valuation, dismissed more than 80 employees this week. The news was first reported on June 1 by Blo...
CW-Style Cuts Come To HBO Max, First ‘Raised By Wolves,’ Now Maybe ‘The Flight Attendant’
The Flight Attendant HBO Yesterday, as the cast predicted, Raised by Wolves was officially cancelled by HBO Max after two seasons without a coherent conclusion for its arc. The cast is trying to get f...
Gemini Cuts Staff By 10%, Blames “Crypto Winter”
Key Takeaways Crypto exchange Gemini announced today that it would be cutting approximately 10% of its workforce. The exchange cited the prolonged crypto downturn and the “macroeconomic and geop...
Fed’s Bullard Sees 3.5% Rates Setting Up Cuts in 2023 or ‘24
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve Bank of St. Louis President James Bullard ...
Europe lurches closer to energy crisis as Kremlin cuts off gas supply to Shell
gazprom gas Europe lurched closer to an energy crisis on Tuesday after the Kremlin cut off gas supplies to major buyers including Shell. Russia’s state-owned gas supplier, Gazprom, said supplies to Sh...
Hackers’ Phishing Attack Cuts Off Moonbirds NFTs Worth $1.5 Million
Despite the place of security in the crypto space, there have been some hacking events once in a while. One of the newly victimized assets is the Moonbirds NFTs. Cybercriminals recently use phishing a...
Wouldn’t worry about monkeypox, cuts drug costs for low-income
Albert Bourla, Pfizer CEO, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galici | CNBC Pfizer‘s CEO said Wednesday that he “wouldn’t worry much” about a recent monke...
Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners
In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join a special registry and a one-year tax...
China’s Economy Continues to Tank Amid Interest Cuts, Probes Continue into UST – crypto.news
Earlier in the day, Bloomberg discussed the strength of the Dollar and Euro as most central banks try to fight inflation. Jane Foley, head of FX Strategy at Rabobank, highlighted data earlier today t...