Many crypto firms are now restructuring to improve results after the 2022 crypto winter. For instance, Magic Eden and Coinbase laid off staff to cushion the effects of the crypto winter. Other firms t...
Tag: employees
Walmart takes the return to office one step further by asking hundreds of employees to relocate to an entirely new city
Like many other major companies, Walmart is asking its employees to come into the office more often. In an internal memo seen by the Wall Street Journal, Walmart chief technology officer Suresh Kumar ...
Magic Eden Undergoing Restructuring Process, Lays Off 22 Employees
Following a spree of layoffs across the crypto industry in 2022 – a microcosm of the tech industry at large, which also saw plenty of reductions last year – Magic Eden becomes the latest company to cu...
Bosses think they’re winning the return to office—until employees blindside them by quiet quitting
Turns out, the bonds formed during that Zoom trivia night didn’t quite stick; workers haven’t been this unengaged in a decade. To use the much-maligned term, everyone is quiet quitting. Yes, even full...
Sam Bankman-Fried Allowed to Contact Some FTX Employees
Attorneys for former FTX CEO Sam Bankman-Fried asked that he be allowed to communicate electronically again after being barred from doing so in January. The request came in a letter sent to District C...
Reports Reveal: SBF’s Psychiatrist Played Coach to FTX Employees
Psychiatrist Dr. George Lerner was hired as in-house coach for the defunct FTX exchange. Lerner was SBF’s personal confidante and treated him for ADHD and depression. Communication between Lerner and ...
Protocol Labs Dismisses 21% of Employees to Counter Crypto Winter
Protocol Labs announced that the company has decided to lay off 21% of its employees. The company’s CEO Juan Benet released a blog post announcing the company’s new move. He stated that the decision i...
Crypto Exchange Woes Continue: Kraken Reportedly Shutters Regional Headquarters As Bittrex Lays Off 83 Employees
A new report finds that crypto exchanges Kraken and Bittrex are downsizing amid the continued turmoil in the digital asset space. Bloomberg reports that San Francisco-based Kraken shuts down its Abu D...
Chainalysis to Dismiss 48 Employees, Prepares to Reorganize Structure
After a year of a prolonged crypto winter that’s seen former industry powerhouses lay off large swathes of their employees in a desperate bid to stay afloat, other firms are also feeling the squeeze, ...
More Than 81,000 Employees Laid Off In Major U.S. Layoffs In January
Topline More than 81,000 employees lost their jobs in major U.S. layoffs in January alone—the most in any one month since Forbes started tracking layoffs last summer—including major cuts at Amazon, Go...
SBF restricted from using Signal, communicating with FTX employees
Federal judge Lewis Kaplan has imposed communication restrictions on former FTX CEO Sam Bankman-Fried, as seen in a Feb. 1 court filing. The ruling imposes two restrictions. First, Bankman-Fried will ...
Former FTX CEO ordered not to contact current or former employees
As a condition of his release from federal custody, the federal court who is presiding over the criminal case against Sam Bankman-Fried, the former chief executive officer of FTX, has ruled that he is...
FTX Bankruptcy Filing Show Higher Cash Balance of $1.43B, Reduced Employees
An interim financial update revealed that the FTX Group of companies undergoing bankruptcy proceedings held $1.43 billion in cash at the end of last year. The court filing viewed by Bloomberg showed a...
Crypto Exchange Huobi Global Lets Go of Several Employees
Huobi Global – one of the world’s biggest digital currency exchanges – has announced that it’s going to release approximately 20 percent of its staff due to the ongoing volatility and speculation of t...
Employees Want Flexibility. Here Are Five Ways Manufacturers Can Provide It.
Amazon offers flexible and remote work. Target is promoting an “on demand” schedule allowing teammates to work as infrequently as once every six months. Some companies, like Kickstarter, are rolling o...
SBF Tried to Influence a Former FTX Employee’s Testimony, US Prosecutors Claim
The disgraced founder and former CEO of FTX tried to contact and potentially influence the witness testimony of another exchange employee, according to the US Department of Justice. As such, the prose...
Despite Recent Market Revival, These Crypto Companies Dismissed More Employees
The prolonged bear market reduced the interest in cryptocurrencies and hampered the operations of numerous industry players. Some leading exchanges, including Coinbase, Crypto.com, Bybit, and Kraken, ...
Crypto tax unicorn CoinTracker lays off 19 employees, citing industry gloom, ‘over-hiring’
Crypto tax unicorn CoinTracker laid off about a fifth of its staff due to market conditions. A total of 19 employees were let go from the San Francisco-headquartered crypto tax company as its le...
The cruelty of tech layoffs leaves employees emotionally devastated
Employees waking up to find out they no longer have email access. Others showing up to the office only to be denied entry. Delayed severance paperwork. Some immigrants suddenly unsure if they will eve...
The Great Resignation was fueled by workers’ obsession with flexibility. Big Tech layoffs have scared employees reprioritizing what they need
The pandemic brought job flexibility into focus as it never has been before. Workers across a range of industries started pushing back on employers’ demands to be in the office five days a week and cl...
Microsoft And Amazon To Layoff A Total Of 28,000 Employees
Getty Images Key takeaways Combined, Amazon and Microsoft are laying off a total of 28,000 employees The wave of tech layoffs is continuing into 2023 An uncertain economic climate is one reason behind...
DCG Subsidiary Luno Lays Off 35% of Employees (Report)
The London-based cryptocurrency platform – Luno – will reportedly trim the size of its team by over 330 people. It adds its name to the growing list of industry players dismissing staff due to the bea...
Gemini Lays of 10% of Employees Due to Crypto Industry’s “Bad Actors”
Gemini – the Winklevoss-owned cryptocurrency exchange – has commenced its third round of job cuts in under a year, dismissing another 10% of its workforce. Cameron Winklevoss claims the layoff was mo...
A top tech analyst just warned another 15% to 20% of big tech employees could be laid off over the next 6 months
Big tech giants have laid off tens of thousands of employees over the past few months as recession fears, persistent inflation, and rising interest rates continue to weigh on earnings results. The lik...
Laid-off Google employees vent about being unable to say goodbye to colleagues and feeling ‘blindsided’ by ‘random’ culling
Many Google employees were having a normal day on Jan. 20 before their lives were turned upside-down. Some workers had gotten their jobs at the tech giant after years of dreaming about it, and others ...
The CEO of Morgan Stanley gets real and says employees can’t simply choose to work remotely
The pandemic has completely transformed people’s working lives. Employees across industries have gotten used to remote work, and they want to hold onto it, fighting back against efforts to bring them ...
Capital One Cutting 1,100 Employees As 2023 Layoffs Continue
Topline Banking giant Capital One has laid off roughly 1,100 employees, Bloomberg reported on Thursday, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon bega...