Expert criticizes hiring devs in crypto amidst massive layoffs in tech

A health tech expert Zach Weinberg recently criticized developers working in the crypto sector, highlighting that their talents could be used better and choosing not to notice that exchanges picked up...

Meta Announces Yet Another Round of Layoffs Affecting 10,000 Personnel

Meta is among the first major IT businesses to carry out a second wave of layoffs. In the end, more than 150,000 jobs were lost by the end of 2022. According to a Reuters report, Facebook parent firm ...

Anchorage Digital Layoffs Follow Bear Market, NFT Trends

Anchorage Digital is the latest in a long list of cryptocurrency companies to announce strategic layoffs during the extended crypto winter, which is now approaching 18 months long. The company has par...

Meta Analyst Estimates Potential Cost Savings From Fresh Round Of Layoffs, Mostly from Metaverse

Mizuho analyst James Lee reiterated Buy on Meta Platforms Inc (NASDAQ: META) with a $210 price target. Several major news outlets indicated that Meta could initiate another round of layoffs at a simil...

Andrew Yang warns of ‘mass layoffs,’ calls for government intervention after Silicon Valley Bank collapse

Andrew Yang, the entrepreneur who grabbed national attention during his 2020 White House run and his 2021 New York City mayoral run, urged government intervention following the Silicon Valley Bank (SV...

$CRM Stock Price Decline as Salesforce Announces More Layoffs

CRM stock price followed a bearish pattern after the company cut hundreds of sales and marketing jobs. Salesforce Inc (NYSE:CRM) is a cloud-based software company which designs and develops cloud-base...

Jobless Claims Unexpectedly Rise To 2023 High As Fed Hikes Threaten New Waves Of Layoffs

Topline New weekly jobless claims rose to the highest level of the year last week despite projections they would remain near historically low levels—signaling more waves of layoffs could be on the way...

Crypto Layoffs Eased Up In February Compared To The Start Of The Year

Advertisement &nbsp &nbsp Layoffs in the virtual currency industry slowed down in February compared to a chaotic January. Only 570 employees lost their jobs in the cryptoverse...

OKX Exchange Hints Potential Layoffs Are Coming

Dublin-based crypto exchange OKX has hinted that it’s potentially looking into laying off roughly one percent of its staff as a means of saving money and helping itself during this time of recovery af...

Meta Is Planning Additional Layoffs, Which Could Begin This Week

Meta is reportedly working towards additional layoffs that could impact another set of thousands of employees. This comes after the technology company laid off 13% of its workers in November 2022 as p...

Meta Stock Jumps 2% Premarket On News Of More Layoffs

(Photo illustration by Chesnot/Getty Images) Getty Images Key Takeaways Meta’s stock price jumped 2% in premarket trading, but was dragged down by the market as whole after comments from Fed Chairman ...

Meta Prepares for Layoffs in Middle Management

Facebook parent Meta Platforms is preparing a new round of layoffs, people familiar with the matter told Bloomberg.  The report claims that the tech giant could fire thousands of workers as soon as th...

Meta Stock Rises After Report of More Layoffs

Shares of Facebook-parent Meta Platforms were rising Tuesday after a report said the company will cut more jobs than previously announced. Meta (ticker: META) is planning another round of layoffs as s...

Meta Reportedly Planning Layoffs This Week Affecting Thousands

It has been speculated that Meta is doing this “to become a more efficient organization.” In its first-ever mass layoff, Meta fired 11,000 employees, in November of last year. A number of crypto winte...

Atlassian And SiriusXM Conduct Major Layoffs

Satellite radio company SiriusXM announced Thursday it’s laying off 475 employees, while software giant Atlassian said it will cut 500 positions, following major layoffs at major tech companies, banks...

I’m a former NFL player turned performance expert. Here’s how to redefine your career in an era of mass layoffs. All you need is a piece of paper

Throughout the last three years, the state of America’s labor and workforce has experienced unprecedented volatility. The era of the Great Resignation rapidly evolved into the era of quiet quitting, a...

In Tech’s New World, Layoffs and Buybacks Are In, Mergers Are Out

Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push f...

Crypto layoffs decelerate, with layoffs falling to 570 in February

Crypto industry layoffs appear to have slowed down significantly over the past month, with an estimated 570 crypto employees dismissed in February, down from an estimated 2,850 in January. Cointelegra...

Goldman Sachs is hiring to its blockchain division amid layoffs

Investment bank Goldman Sachs has announced it is open to hiring in its digital asset division to support employment in blockchain applications. Although crypto prices have slowly started rising, hiri...

Palantir Stock Price (PLTR) Falling Due to Rating and Layoffs

Palantir stock price lost 2.37% during the intraday session and about 13% in the past 7 days. Palantir Technologies Inc. (NYSE: PLTR) is a holding company. It operates in development of data integrati...

Polygon (MATIC) Announces Big Layoffs; Orbeon Protocol (ORBN) Sky…

Polygon (MATIC), a well-known blockchain platform, has just announced big layoffsremoving 20% of its workforce. However, despite this unfortunate news, investors and businesses alike can turn their at...

Goldman Sachs To Bolster Crypto Team With New Hires Following Layoffs

In January 2023, Goldman Sachs, a multinational investment bank, announced plans to cut around 3,200 staff as part of a cost-cutting exercise. However, despite this move, the bank remains open to hiri...

General Motors cuts 500 salaried employees

Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downs...

Twitter Employees Sent Packing in New Round of Layoffs

This layoff round affected staff working on product management, and data science, and engineers who worked on machine learning and site reliability being sent off. American social media and microblogg...

Do Layoffs Pay Off? Meta, Amazon, Other Tech Stocks Paint a Mixed Picture.

Text size Tech companies have announced more than 100,000 job cuts this year so far. Fizkes/Dreamstime Some technology companies have seen their stocks jump after announcing mass layoffs this earnings...

Dapper Labs CEO Confirms Another Round of Layoffs

Dapper Labs is laying off 20% of its full-time staff in a renewed bid to restructure the organization, according to a letter to staff sent Thursday by founder and CEO Roham Gharegozlou. “We are restru...

Mayo Clinic Backs Healium, Pico’s VR Layoffs, Roblox Stock Pops

The $390 Pico 4 stand alone headset. Pico Disappointing sales of Pico’s well-reviewed VR headset caused Byte Dance to lay off staff. The company is reportedly planning to lay-off a third of its VR sta...

MATIC price plummets following layoffs

Polygon has been one of the most popular projects in the Ethereum ecosystem, but now thigs are looking rough for the project. Polygon (MATIC), the Ethereum (ETH) scaling solution taking the crypto wor...

Immutable carries out second round of layoffs in seven months, cuts 11%: SMH

People • February 22, 2023, 4:58AM EST Australian blockchain gaming firm Immutable cut 11% of its staff — the second round of layoffs since the end of July — according to the Sydney Morning Herald.  &...

Polygon Labs Reduces Workforce by 20% Amid Wave of Layoffs

11 hours ago | 2 mins read Blockchain News After hearing about the layoffs at Polygon, the price of MATIC fell by as much as 6%. Affected employees would be offered three months’ worth of severance. P...

Layoffs spread, but some employers can’t hire fast enough

A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Job cuts are rising at some of the biggest U.S. companies, but others are stil...

Layoffs spell opportunity for some fintech startups

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it d...