Illustration by Mitchell Preffer for Decrypt Even though it was the first two consecutive weeks of losses this year, Crypto Twitter was largely unfazed. Instead, a host of other topics took center sta...
Tag: Lay
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 ...
Ethereum Layer-2 Projects Polygon, Immutable Lay Off Staff
Ethereum Layer-2 project Polygon is letting go of some of its staff after merging multiple business units. In a blog published Tuesday, Polygon’s founders and president said they would lay off 20% of ...
Thierry Henry Says This Is The Key To Arsenal’s Massive Success
Soccer legend Thierry Henry (as assistant coach of Belgium) gives as thumbs up during the UEFA … [+] Nations League match between Poland and Belgium at PGE National Stadium. (Photo by Mikolaj Ba...
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...
Lay A Minefield, Then Scatter More Mines From the Air
The Ukrainian 55th Artillery Brigade in May 2022. Ukrainian army photo Russian tanks keep running into Ukrainian mines outside Vuhledar. Either the Russians are getting sloppy, or the Ukrainians have ...
Affirm to lay off 19% of staff, stock tanks after earnings disappointment
Affirm Holdings Inc. announced plans to cut 19% of its staff Wednesday following an earnings report in which the buy-now-pay-later company came up shy with both its results and outlook. “The root caus...
Disney to lay off 7,000 workers, cut $5.5 billion worth of costs in latest reshuffle
Disney (DIS) will lay off 7,000 workers as the company seeks to slash $5.5 billion in costs. As a result, the media giant plans to restructure the organization into three core business segments: Disne...
Rivian to lay off 6% of workforce as EV price war concerns grow
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Dav...
Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall
Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...
Rishi Sunak’s old hedge fund boss, who paid himself $1.9 million a day last year, wants Alphabet to lay off more staff and slash pay
Britain’s highest-earning investor has called on Alphabet CEO Sundar Pichai to cut thousands more jobs than the tech giant announced it would eliminate last week. On Friday, Pichai announced the “diff...
Fed officials lay the groundwork for slowing rate hikes during busy week of Fedspeak
As always, the last week before the Federal Reserve’s quiet period ahead of the next policy meeting was a busy one for Fedwatchers looking for clues about the central bank’s next move. And...
Microsoft And Amazon Lay Off Thousands
(Photo by Phil Barker/Future Publishing via Getty Images) Future Publishing via Getty Images Key takeaways Microsoft is laying off 5% of its workforce, citing recessions as a key factor Amazon still h...
ConsenSys to lay off over 100 workers
ConsenSys is reportedly making plans to lay off more than 100 workers from its team amidst gloomy market conditions. ConsenSys is a New York-based web3 company dedicated to developing next-gen enterpr...
ConsenSys to lay off 100 or more employees: Coindesk
ConsenSys will let go of as many as 100 or more employee, CoinDesk reported, citing a person familiar with the matter. The exact number of employees that could be laid off is not clear, as the ...
Coinbase to lay off another 20% of its workforce
Coinbase Global Inc (NASDAQ: COIN) has announced it will cut jobs again as it bids to minimise costs after a brutal crypto winter. Brian Armstrong, the co-founder and CEO of Coinbase, said in a blog a...
Coinbase to lay off another 950 employees; How will COIN stock react?
Amid the chaos that has engulfed the entire cryptocurrency industry, from which it has only recently started to recover, more trouble is ahead of the crypto trading platform Coinbase as its employees ...
Digital Asset Exchange Giant Huobi Plans To Lay Off 20% of Its Staff Amid Ongoing Crypto Winter: Report
The Seychelles-based crypto exchange giant Huobi is reportedly planning to lay off 20% of its staff as the ongoing bear market continues to thrash companies across the industry. Reuters reports that H...
Crypto Exchange Huobi to Lay off 20% of Staff: Report
Crypto exchange Huobi is set to lay off 20% of its staff, per sources reported by Reuters. Justin Sun, a prominent crypto entrepreneur who joined the company as an advisor in October 2022, had denied ...
Crypto exchange Huobi to lay off 20% of workforce
The Huobi crypto exchange logo displayed on a smartphone. Nikolas Kokovlis | Nurphoto via Getty Images Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount...
Amazon to lay off a lot more employees than initially planned
Amazon.com Inc (NASDAQ: AMZN), on Thursday, revealed plans of laying off 18,000 employees worldwide – a much bigger number than the one it suggested in its previous update. Amazon shares in the red ag...
Wyre said to shut down and lay off employees as CEO declares scaling back
Crypto firm Wyre has reportedly informed its employees it is shutting down operations in the first quarter of 2023. Its CEO insists that the company is scaling back. Wyre, a blockchain-based payments ...
Micron To Lay Off 10% Of Staff Due To Low Demand For Chips
| Getty Images Key Takeaways Micron missed estimates for its first quarter of 2023 due to weak chip demand. The chip manufacturer also announced weaker guidance for the second quarter. Micron is one o...
Huobi Reportedly To Lay Off Staff Amid Prolonged Bear Market
32 seconds ago | 2 mins read Exchange News Reportedly, the business plans to lay off between 600 and 800 workers. Furthermore, the exchange will no longer provide annual incentives. According to Chine...
FTX Debtors and the Bahamas regulator lay different claims on amount transferred
FTX Debtors states that the crypto transferred to the Bahamas Securities Commission was valued at $296 million This number falls short of the billions of dollar claim made by the commission FTX Debtor...
Andreessen Horowitz partners lay out 2023 tech predictions
Rather than dwell on the bleakness of this past year, several partners at Silicon Valley venture capital firm Andreessen Horowitz (AH) chose to spotlight a plethora of big tech ideas that they believe...
Self-driving truck company TuSimple to lay off hundreds days before Christmas: report
Global self-driving trucking company TuSimple Holdings Inc. is reportedly set to lay off at least 700 employees next week, just before the Christmas holiday. The San Diego-based tech company, which ha...
FSB to lay down recommendations for crypto regulation in early 2023
FSB is preparing to lay down recommendations for regulating the crypto industry in early 2023. The board’s members met in Basel last week to discuss the collapse of the now-bankrupt crypto exchange, F...
FSB to lay out global standards for crypto regulation: Reports
The FTX collapse spurred action from a global financial watchdog to give recommendations to regulate the crypto industry early in 2023. The Financial Stability Board (FSB), an international organizat...