In the face of economic challenges in the US, Meta, the social media behemoth, has announced job cuts to stay competitive and continue to invest in the metaverse. On March 14th, Meta CEO and founder M...
Tag: employees
US DoJ probes Terra’s former employees for answers
The US Justice Department (DoJ) is delving into the mysterious collapse of TerraClassicUSD (USTC) stablecoin, which wreaked havoc on the Terra ecosystem, resulting in a staggering $40 billion wipeout ...
First Republic Bank employees fear job losses as bank nears collapse – Cryptopolitan
The employees of First Republic Bank are preparing themselves for the worst as the bank is on the verge of going out of business. What’s going on with First Republic Bank? The Federal Deposit Insuranc...
Silicon Valley Bank employees received bonuses hours before takeover
Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank employees received their annual bonuses Frida...
ByteDance Employees Can Easily Access U.S. TikTok Data, Whistleblower Allegedly Tells Hawley
Topline Controls preventing employees at TikTok and its China-based parent company ByteDance from accessing U.S. data might be weaker than both companies have previously suggested, according to allega...
Sam Bankman-Fried Allowed Limited Communication with Former FTX Employees
Prosecutors and former FTX founder and chief executive Sam Bankman-Fried have reached a deal regarding his future contact with past and current employees of the now defunct exchange. Sam Bankman-Fried...
Stripe Faces $3.5 Billion Tax Bill as Employees’ Shares Expire
(Bloomberg) — Stripe Inc., one of the world’s most valuable startups, told investors it plans to use money it receives in its latest round of fundraising to help cover a roughly $3.5 billion tax...
Alphabet’s Waymo Self-Driving Unit Cuts Over 130 Employees, Reports Say
Alphabet’s self-driving car unit Waymo is reportedly cutting more than 130 employees in its second round of layoffs this year—making it the latest U.S. company to reduce its headcount, following major...
GM Reportedly Cutting Hundreds Of Employees
General Motors is letting go of hundreds of salaried employees in a cost-cutting plan intended to save $2 billion over the next two years, multiple outlets reported Tuesday—making it the latest U.S. c...
Crypto Exchange Bittrex Says “Bye” to Several Employees
U.S.-based crypto exchange Bittrex has become the latest digital asset firm to join the ranks of those having to let go of employees. Bittrex Is Forced to Part with Employees Not long ago, the popular...
Chinese Communist Party Demands Employees At Western Firm Show Their Support
Beijing, China cityscape at the CBD. getty When China began to require Western corporations to establish Chinese Communist Party (CCP) cells, businesses brushed off the move as benign. For example, wh...
Twitter Employees Sent Packing in New Round of Layoffs
This layoff round affected staff working on product management, and data science, and engineers who worked on machine learning and site reliability being sent off. American social media and microblogg...
2023 Layoff Tracker: Ericsson Cutting 8,500 Employees
Ericsson, the telecommunications equipment giant, is planning to cut 8,500 employees as part of a major cost reduction effort, the company confirmed to Forbes Friday morning, making it the latest majo...
Coinbase reveals cyberattack on employees
Cryptocurrency exchange, Coinbase, has disclosed a recent cyberattack on some of its employees, using spear-phishing emails to steal data. Coinbase, one of the largest cryptocurrency exchanges in the ...
Polygon decides to lay off 100 employees
Despite how challenging it was, Polygon Labs ultimately made the difficult choice to lay off 100 employees. That actually equates to a respectable 20% of their entire team. Nevertheless, what appears ...
Coinbase Confirms Cybersecurity Attack Targeted at Employees
Coinbase said its Computer Security Incident Response Team (CSIRT) quickly stepped into the situation. Crypto company Coinbase (NASDAQ: COIN) confirmed a cybersecurity attack targeted at its employees...
bad news for employees looking for raises, remote work and shorter work weeks
This week, Payscale released the results of its bellwether survey, the 2023 Compensation Best Practices Report. It’s not wonderful news for employees: fewer employers are offering pay raises and those...
Coinbase discloses recent cyberattack targeting employees
Coinbase employees were targeted in a cybersecurity attack on Feb. 5 involving SMS scams and the impersonations of IT staff, according to a recent report from the company’s engineering team. No custom...
McKinsey Reportedly Cuts 2,000 Employees
Major consulting firm McKinsey & Company plans to cut 2,000 employees, Bloomberg reported Tuesday, citing sources familiar to the matter—following major layoffs this month at DocuSign, KPMG, Twili...
Cyberattack Against Coinbase Exploiting Employees Info Countered
Leading US crypto exchange Coinbase recently reported witnessing a cyberattack. Not fatal in monetary terms or compromising users data, though the attack was enough to spread trembles within the compa...
Disney employees are furious over Bob Iger’s return-to-office mandate and more than 2,000 have signed a petition to fight back
Another return-to-office showdown is underway, and this time it’s going on at the “happiest place on Earth.” After Disney CEO Bob Iger declared last month that employees will need to spend at least fo...
Former Googler pulls back the curtain on a bureaucratic ‘maze’—and lambastes bosses and employees for losing sight of what’s important
Google is a “once-great company” that has “slowly ceased to function” thanks to its bureaucratic “maze.” Those strong words come courtesy of Praveen Seshadri, a former Google software engineer who sha...
DocuSign to lay off employees again: a reason to buy stock?
Shares of DocuSign Inc (NASDAQ: DOCU) are trading up on Thursday after the eSignature company said it will lay off about 10% of its employees by the end of Q2. DocuSign to take an impairment in Q1 The...
A tech founder who didn’t pay employees for months but bought a $16 million private jet has been arrested
Chris Kirchner (far left) stands next to Viktor Hovland of Norway who holds his trophy at the Slync.io Dubai Desert Classic at Emirates Golf Club on January 30, 2022 in Dubai, United Arab Emirates. Fo...
Layoffs Hit Solana NFT Marketplace Magic Eden, Sheds 22 Employees
Magic Eden, the top marketplace for Solana NFTs, announced the layoff of 22 employees late Monday, citing company-wide restructuring as the wider crypto economy continues to grapple with a harsh winte...