Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the lates...
Tag: Layoff
ConsenSys is Planning to Lay-Off 100 Employees
ConsenSys Inc., a blockchain software technology company, is reportedly laying off 100 employees. At present it has around 900 employees in its working force. The reason behind this lay-off is undiscl...
Coinbase Slashes 20% of Staff in the Third Round of Layoff
In its third round of layoff, Coinbase slashes 950 employees. This is to tackle economic conditions that affected the industry in the bear market. Coinbase will close projects that have a lower probab...
Coinbase CEO Brian Armstrong Announces 20% Additional Layoff
Coinbase CEO Brian Armstrong plans to cut an additional 20% of its workforce in order to manage operating expenses amid the ongoing bear market and FTX contagion. Coinbase slashed 18% of its workforce...
Coinbase to layoff 950 employees in second round of job cuts
Coinbase has announced it will cut another 950 employees, adding to the 1,100 who were laid off in June 2022 due to the deteriorating crypto market. 950 more employees on Coinbase’s chopping block Ac...
Coinbase Announces Additional 20% Layoff Amid Sluggish Market
7 hours ago | 2 mins read Exchange News The new move will result in the loss of an additional 950 workers. Coinbase also has plans to end some low-probability initiatives. Amid the continued bear mar...
Coinbase shares dip in pre-market following layoff announcement
Coinbase shares dipped during pre-market trading following the firm’s decision to cut 950 staff. Shares in the crypto exchange fell 3.1% in the early session, trading around $37 by 8 a.m.,...
NFT Marketplace SuperRare Announces Mass Layoff
SuperRare, the non-fungible token (NFT) marketplace has decided to lay off 30% of the workforce, CEO John Crain announced. Crain in the screenshot on Twitter said he is taking full ownership and they ...
Doubts mount over Huobi’s future as harsh layoff rumors denied
Update: Huobi later confirmed it plans to lay off up to 20% of its workforce, adding that the said plan is not implemented yet. Speculation on Twitter that crypto exchange Huobi has laid off staff and...
Huobi and Gate.io to Layoff Over 20% of Staff
The crypto layoffs continue in 2023, with exchanges like Huobi and Gate.io reportedly laying off their staff. Crypto layoffs were rampant in 2022, fueled by events such as the Terra LUNA and FTX colla...
Genesis cuts 30% Workforce in second Round Layoff: Industry under Pressure
Team Genesis was 260 members strong and laid off 20% in round I. The second round saw a 30% cut in round II, bringing the team to 145. Silvergate Capital laid off nearly 40% of its workforce. The on...
Tron’s Justin Sun Confirms 20% Layoff at Huobi
In a bid to weather the unprecedented turmoil in the market, Huobi is the latest company to introduce job cuts. The crypto exchange is planning to lay off about 20% of its staff, a move that was confi...
Justin Sun disputes reports of layoff discussions at Huobi
Amid a persistent business downturn and as he continues to increase his presence on Chinese social media sites following repeated bans, advisor Justin Sun has dismissed reports of significant layoffs ...
Here’s how to know if your company’s layoff policy is a ‘good’ one
Andreypopov | Istock | Getty Images Layoffs this year have been mostly limited to the hardest-hit sectors of the economy, especially tech. But depending on your industry, you might find yourself face-...
Octopus Network Announces Mass Layoff Amid Sluggish Market
19 seconds ago | 2 mins read Blockchain News All remaining Octopus Network employees will take a 20% pay reduction. Octopus’ founder, Louis Liu, expressed pessimism about the sector as a whole. In lig...
UK-based Crypto Tax Firm ‘Koinly’ Announces 14% Layoff
Bitcoin News The FTX collapse had a terrible effect on the crypto industry with several firms taking hits. Koinly, founded in 2018, is the tax partner for a number of cryptocurrency exchanges. Koinly,...
Bybit, Swyftx join layoff spree following FTX collapse
Crypto exchanges Bybit and Swyftx have moved to execute their second round of layoffs in preparation for a worsening bear market, fueled by the FTX collapse. Bybit CEO Ben Zhou said the staff cuts wil...
The U.S. job market is strong, but layoffs are on the rise. Is this a good — or bad — time to ask for a raise? Experts weigh in.
Is this an opportune time to ask for a raise? Or, given the recent spate of tech layoffs, is it better to lie low for a while? The good news: Employers are giving pay raises. The increase in wages ov...
Kraken To Layoff 30% Of Employees Amid Crypto Market Turmoil
Kraken layoff news: U.S. based crypto exchange Kraken announced it is reducing its global workforce by around 30%. The exchange cited its plans to adapt to the current market conditions in the crypto ...
Kraken to layoff 1,100 people to ‘adapt to current market conditions’
U.S.-based crypto exchange Kraken has announced laying off 1,100 staff members, equating to 30% of its workforce, as a response to weathering crypto winter. The blog post, signed by CEO Jesse Powell, ...
Bitso cuts more staff in fresh round of layoffs
Mexico-based crypto exchange Bitso has let go of an unspecified number of workers in a fresh round of layoffs, about six months after cutting about 80 employees. “Bitso made the difficult ...
Crypto Industry’s Challenges Leading to Lemon Cash Layoff
The crypto market downturn given the interest rate hike, recession and inflation, etc. made many companies and institutions suffer the slowdown. Many of these companies opted to layoff their working s...
E-commerce Giant Amazon Set for Massive Layoff This Week
Amid a gloomy global economy and slowing sales, e-commerce giant Amazon has come to a cost-cutting mode with a plan to preserve cash. On Monday, November 14, the New York Times published a report stat...
Amazon to layoff 10,000 workers as soon a this week: Report
Amazon (AMZN) is preparing to lay off roughly 10,000 employees as soon as this week, The New York Times reported on Monday, citing unnamed sources familiar with the matter. The layoffs come as the tec...
5 Meaningful Ways To Say Goodbye To A Colleague
Layoffs seem to be happening everywhere—but you can support colleagues who leave. getty The news is full of headlines about layoffs, downsizing and companies reducing headcount. With the great resigna...