– Advertisement – SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter. CEO John Crain stated that the company overhired duri...
Tag: Downsizes
Fidelity downsizes value of its Twitter holdings
Investment firm Fidelity has written down the value of its initial stake in Twitter following its funding of Elon Musk’s takeover of the social media platform. According to a filing from the Fidelity ...
Crypto Firm Amber Group Downsizes Workforce, Ends Chelsea Sponsorship
Leading digital asset company Amber Group is downsizing its workforce by 40%, ceasing its retail operations, and ending its sponsorship deal with English football club Chelsea FC amid extreme market c...
Apple downsizes, delays its autonomous car plans: report
Apple Inc. has scaled back its autonomous electric-car plans and delayed its target date until 2026, according to a new report. Bloomberg News on Tuesday reported Apple’s Project Titan has been in a s...
Marc Benioff led Salesforce Downsizes, Lays Off Hundreds Of Workers
Salesforce, Inc (NYSE: CRM) laid off hundreds of people this week, TechCrunch reports. Salesforce said it was less than a thousand and informed the people yesterday. The news comes on the heels of act...
Crypto.com downsizes some sports partnership deals amid market downturn: Report
The crypto exchange reportedly cut the scope of sponsorship agreements inked with sports organizations including the Angel City Football Club, the 2022 FIFA World Cup and Twitch Rivals. Cryptocurrency...
Chevron Sells Global HQs, Downsizes California Office Space Amid Texas Expansion: Report
Reuters European shares tumble on recession angst, grim German inflation data European shares tumbled on Thursday as relief from the Bank of England’s bond buy-back plan to soothe distressed mar...
Blockchain.com downsizes by 25% after 3AC collapse
Following the Three Arrows Capital (3AC) fallout, crypto exchange giant Blockchain.com announced the closing of its office in Argentina and letting 150 people go to downsize by 25%. Almost half the la...