Meta, like many others, have been hit by the global pandemic that pushed many world economies backward. For instance, the United States GDP fell by 8.9%, and even the country’s imports exceeded its ex...
Tag: Layoff
Anchorage Digital Fires 20% Staff Announcing Strategic Layoff
18 seconds ago | 2 mins read Bitcoin News The corporation said that regulatory uncertainty was a major factor. Anchorage Digital is also exploring a first, decommissioning custodial assistance. Due to...
Blockchain and Web3 Firm Protocol Labs Joins “Layoff Ranks”
Protocol Labs – an early pioneer of blockchain and web3 technology – has let go of more than 89 people, which amounts to roughly one-fifth of its present staff count. Protocol Labs Is Letting Go of A ...
Dapper Labs Announces Second Wave of Layoff by Letting Go 20% Staff
3 hours ago | 2 mins read Bitcoin News Gharegozlou stated that the company was reorganizing to increase its focus. Dapper Labs had to lay off 22% of its workforce in November. In an effort to reorgani...
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...
USDC issuer Circle to increase staff by up to 25% amid layoff season
USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal. When a significant chunk of industry-wide f...
Polygon Hops On The Layoff Bandwagon, Culls 20% Of Workforce
Ethereum Layer-2, scaling solution Polygon, has announced that it has laid off around 20% of its existing workforce, as part of a wider company restructuring, according to sources. The announcement r...
Solana’s Leading NFT Marketplace Announced Layoff of 22
The NFT marketplace cited the reason for laying off its workforce as part of a restructuring. Late on this Monday, Magic Eden — a leading NFT marketplace on Solana announced the layoff of 22 teammates...
News Corp. (NWS): Sales down 7.2%, Layoff 5% staff, Recuperation?
Company to lay off 5% staff or 1250 employees. The last earnings date was on February 9, 2023, and the street did not like it. News Corp., the media and information service company, was formed on Ju...
Github To Layoff 10% Of Global Workforce In Latest Tech Cuts
(Photo Illustration by Chesnot/Getty Images) Getty Images Key takeaways Github will be cutting their staff numbers by 10%, equating to around 300 full time employees CEO Thomas Dohmke has stated he wa...
Disney Layoff 7,000 As Embattled House Of Mouse Announces Restructure
Disney+ Getty Key takeaways Disney revealed it would be laying off 7000 workers amidst another busy week for tech job cuts The losses were announced on the latest earnings call, which also revealed a ...
Layoff Season Continues With Filecoin, Crypto Daily TV 6/2/2023
In Todays Headline TV CryptoDaily News: Filecoin Protocol Labs cuts 21% of staff. Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Jua...
Bittrex, Chainalysis & Protocol Labs Decides to Layoff Staff Amid Ongoing Crypto Winter
The news surrounding mass layoffs is very common to hear amid ongoing crypto winter. Now comes the turn of crypto exchange Biitrex, blockchain data firm Chainalysis and open-source software laboratory...
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.” At least 216 jobs were slashed between three ...
Filecoin Blockchain Parent Firm Protocol Labs Announces 21% Layoff
57 mins ago | 2 mins read Blockchain News To provide light on the layoffs, CEO Juan Benet published a blog post. Benet wrote on Friday that the transition will be challenging for all Labbers. On Febru...
Layoff Spree Continues: Why This Crypto-Oriented Firm Is Dismissing Some Staff Soon
Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell ...
Chainalysis Announces Layoff Amid Prolonged Crypto Winter
9 hours ago | 2 mins read Bitcoin News Chainalysis is laying off around 44 of its 900 workers, or 4.8% of its staff. Kennedy assured investors that Chainalysis is “well capitalized.” As private sector...
Companies’ Layoff Strategies A First Step? Four Questions For Investors
REDMOND, WA – A person walks past a Microsoft sign (Photo by Robert Giroux/Getty Images) Getty Images With the economy slowing down, companies say they are laying off employees to trim excess st...
Singapore-based Matrixport Announces 10% Layoff Affecting 300 Staff
9 hours ago | 2 mins read Defi News Entrepreneur Jihan Wu, a billionaire created the firm in 2019. A monthly trading volume of $5 billion and $10 million in assets under management. Major firms in the...
Luno Crypto Exchange Owned by DCG Announces 35% Layoff
2 hours ago | 2 mins read Exchange News More than 300 workers would be impacted by the company’s decision. The DCG is already under pressure from the liquidity crisis. Another member of the Digital Cu...
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...
Gemini Announces 10% Layoff Citing Negative Macroeconomic Conditions
In August 2022 Gemini had reduced its workforce by 7% and 10% in July. the SEC claims that securities were offered and sold without being registered. A representative for Gemini, a cryptocurrency exch...
Gemini Continues Layoff Train
Cryptocurrency exchange Gemini is laying off more employees, citing ‘bad actors’ in the crypto industry. Gemini’s Third Round Of Layoffs The Winklevoss twins’ brainchild, Gemini, is bleeding employee...
Microsoft Is Aggressively Investing In Healthcare AI
Earlier this month, healthcare artificial intelligence (AI) company Paige announced a new partnership with renowned technology giant, Microsoft. Paige describes itself as a company at the forefront of...
Dollar General Launches Health Clinics
As the world embraces recession headwinds, companies globally are exploring new avenues to create value for customers, increase revenue, and monetize their services. Healthcare, in particular, is at a...
Google Announces Mass Layoff Eliminating 12,000 Positions
7 hours ago | 2 mins read Bitcoin News BlackRock, Amazon, and Meta, have already revealed such initiatives. This represents a significant percentage of the company’s worldwide workforce (6%). Companie...
Alphabet just joined its tech peers and announced a huge layoff
Alphabet Inc (NASDAQ: GOOGL) is trading up this morning after the tech behemoth announced plans of a massive layoff to better prepare for the looming recession. Job cut will begin immediately in the U...
Crypto recruitment execs reveal the safest jobs amid layoff season
Despite a wave of heavy crypto layoffs to start the new year, employees in technical and engineering roles, as well as senior management, will likely continue to see “strong demand” for their skills, ...
Microsoft just announced a massive layoff
Microsoft Corporation (NASDAQ: MSFT), on Wednesday, announced plans of significantly lowering its global headcount to prepare for an imminent slowdown in revenue growth. How many of its employees are ...
Coinbase, Crypto.com, & More Firms Layoff Over 1,600 People In 2023
Crypto companies inducing Coinbase, Crypto.com, Kraken, and more are cutting off jobs in 2023. Crypto.com has laid off a total of 2,110 employees since 2022. Crypto.com founder blames FTX’s downfall f...
Crypto Brokerage Platform Blockchain.com Announces 28% Layoff
13 hours ago | 2 mins read Exchange News Blockchain.com said it is laying off 28% of its staff, or around 110 people. Severance payouts are being offered to all affected workers. Adding to a terrible ...