The Metaverse segment lost around $3.7 billion in Q3 2022. Mark allegedly admitted responsibility for the business’s mistakes that led to the layoffs. Recently, layoffs have become more prevalent. Man...
Tag: Layoff
Are the Tech Giants Under the Seasonal Layoff?
Kobeissi Letter has produced a list of 13 tech giants who are in the layoff process. Recession is increasing interest rates and unemployment is also getting directly proportional to it. The tech secto...
Twitter Co-founder Jack Dorsey Shares Note Amid Mass Lay-off
29 seconds ago | 2 mins read Bitcoin News Reports of the widespread layoffs emerged on Twitter’s website, along with photos. Jack expressed appreciation for everyone who had a hand in making Twitter s...
Lawsuit Against Twitter, Will Elon Musk Drop Layoff Plans?
Twitter was the target of a class-action lawsuit after Elon Musk decided to fire 3,700 workers. According to a lawsuit filed in a federal court in San Francisco, Twitter employees allegedly received a...
Musk Plans To Layoff 50% Of Twitter’s Workforce Ahead Of Verification Fee Roll Out Next Week, Reports Say
Topline Twitter’s new owner Elon Musk plans to layoff nearly half of Twitter’s workforce by the end of this week in an effort to cut costs, according to several reports, as billionaire also seeks to b...
Bitmex to Layoff Employees a Week After CEO Takes Exit
Another top crypto exchange has decided to cut headcount a week after its CEO took an exit. Bitmex has reduced its number of employees as part of a strategy to move away from the company’s ̶...
Credit Suisse to Layoff 9,000 Employees and Raise $4 Billion
Credit Suisse plans to cut 9,000 jobs and raise $4 billion in additional capital as it faces stock price declines and fallout from significant scandals. Credit Suisse will cut 2,700 jobs by the end he...
Elon Musk Won’t Layoff 75% Twitter Staff
Tesla CEO Elon Musk on Thursday said he would not lay off 75% of Twitter employees after the completion of the $44 billion deal. Musk denied previous reports of planning to cut Twitter staff during an...
Twitter stock slumps 10% pre-market after Musk’s layoff plans fuel negative sentiments
News of Elon Musk buying Twitter (NASDAQ: TWTR) was noteworthy in and of itself; however, new reports coming out are more shocking by the day. The initial potential beneficiaries, the shareholders, ha...
Elon Musk To Layoff 75% Of Twitter Employees
The post Elon Musk To Layoff 75% Of Twitter Employees appeared first on Coinpedia Fintech News Elon Musk plans to lay off most of Twitter’s workforce if and when he becomes owner of the social m...
Crypto Fitness App STEPN Denies Layoff Reports
Is STEPN taking a step back? The “move-to-earn” fitness app reportedly laid off over 100 contract workers. including community moderators, ambassadors, and others, according to reports from the South ...
Bosses admit remote workers are the first to go come layoff time
With the job market shrinking by over a million openings in August, many workers fear that it’s only a matter of time before mass layoffs start to hit the U.S. in a big way. Remote workers are particu...
Indian crypto exchange WazirX cuts 40% of staff
India-based crypto exchange WazirX has laid off more than 50 people as it navigates a period of languishing volumes, the company told CoinDesk on Saturday. As per reporting from CoinDesk, the crypto e...
Blockchain Firm Amber Group Announces Employee Layoff
The business examines and modifies worldwide personnel every quarter. The corporation said that it intended to utilize the raised funds for future growth. Amber Group, a blockchain firm, plans to let ...
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is planning on cutting several hundred jobs thi...
Mercado Bitcoin layoff 15 percent of its workforce
Join Our Telegram channel to stay up to date on breaking news coverage Mercado Bitcoin, a Brazilian-based crypto exchange, has laid off 15% of its workforce. The exchange announced the development in ...
Genesis CEO Steps Down While Broker Announces 20% Layoff
Exchange News DCG, or Digital Currency Group, owns Genesis and is headquartered in New York. Derar Islim, who joined the business in 2020, is filling in for Moro. Some of the largest companies in the...
Robinhood Layoff Costs, Q2 Losses Won’t Delay Crypto Product Launches
Robinhood’s 23% headcount reduction announcement came a day before it reported a net loss of $295 million in the second quarter Wednesday Company estimates a nearly 10% decrease in expenses in 2022 fr...
Robinhood to Layoff 23% of its Workforce Following Q2 Loss
Three months ago, Robinhood laid off 9% of its full-time employees. 713 workers would be impacted by a 23 percent drop in employment. Retail investing giant Robinhood has had a wild year. The fintech ...
BlockchainCom Announces 25% Staff Layoff Following 3AC Fallout
BlockchainCom – a crypto financial services company – has let go of 25% of its employees due to harsh market conditions. That’s 150 roles cleared from the firm. A Loss of Momentum As reported by CoinD...
NFT Marketplace OpenSea Announced 20% Layoff Amid Low Volume
2 hours ago | 2 mins read NFT News Finzer is certain that the NFT industry will continue to improve. June saw a 73% drop in the amount of Ethereum NFT trading on the market. OpenSea, the leading NFT m...
KuCoin CEO Refutes Massive Layoff Rumors Instead Plans To Hire More Staff
It’s not surprising that lots of crypto-related services and firms are making some adjustments to weather the bearish market and KuCoin was among the listed firms that were rumored to reduce staff due...
Data shows who has been hit the hardest in the great tech layoff wave
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. As Q2 venture capital data starts to come out, it’s clear that t...
Bullish.com to Layoff Staff amid Market Downturn
Cryptocurrency exchange Bullish.com has joined other crypto companies in making layoffs to tackle the massive market downturn. According to The Block, a source said that less than 30 Bullish staff mem...
After Big Crypto Layoff Plans, Founder Of Top Exchange Looking To Exit
The ongoing meltdown in the crypto market is impacting all kinds of companies in crypto space alike. And crypto exchanges are not excluded from the horizon of market crash. Huobi Founder Looking For A...
Huobi Global Plans to Layoff 30% of its Personnel Due to Multiple Factors
4 hours ago | 2 mins read Exchange News Huobi had to remove its Chinese customers by the end of December last year. Huobi has secured additional licenses in New Zealand and the United Arab Emirates. H...
Huobi Likely To Announce Massive Layoff Plan, Here’s Why
Amid turbulent times in the cryptocurrency space, exchanges are finding it difficult to withstand financial adversities. The last two months saw several top crypto exchanges, including leaders like Co...
Banxa to layoff 30% of workforce to shelter the “crypto winter”
Banxa announced on June 27 that it is laying off 30 percent of its staff, Australian Financial Review reported. The cryptocurrency operator said in the release that the layoffs add to several measures...