Crypto Live News Meta is the latest in a string of technology companies to announce layoffs. Meta, the owner of Facebook and Instagram, will begin large-scale layoffs this week, according to the Wall ...
Tag: layoffs
The fintech layoffs just keep on coming
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Twitter sued in class action lawsuit over mass layoffs without proper legal notice
Twitter is being sued for not giving employees advance notice of a mass layoff that began in earnest early Friday. The lawsuit alleges that Twitter violated worker protection laws, including the feder...
Twitter sued by workers over impending layoffs they say are illegal
Twitter (TWTR) employees filed a federal lawsuit on Thursday, accusing the company of violating federal and state laws that govern notice of employment termination. The employees, based in Twitter’s S...
Twitter Founder Jack Dorsey Breaks Silence On Mass Layoffs
After Elon Musk confirmed the layoffs were to save operating costs, many fired employees started to tweet about their journey at Twitter & their emotional state. The massive layoffs were reported ...
Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day – Featured Bitcoin News
Tesla CEO and Twitter chief Elon Musk has begun massive layoffs at the social media company. The billionaire explained that there is no choice since Twitter is losing over $4 million a day. “Twitter h...
Layoffs sweep crypto as economic concerns mount; Dapper Labs, Bitmex among hardest hit
Crypto layoffs have continued into November. The industry faces not only an ongoing bear market marked by depressed digital asset prices, but also a tough macroeconomic environment where inflati...
What Elon Musk’s Twitter Layoffs Mean for Censorship
Tesla CEO Elon Musk started laying off Twitter employees responsible for content moderation on Nov. 4, 2022. Following an internal email on Nov. 3, 2022, many Twitter employees found themselves logged...
Elon Musk faces class-action suit over mass Twitter layoffs
Amid Twitter beginning mass layoffs, the company employees are launching a class-action lawsuit against the new Twitter CEO, Elon Musk. According to multiple sources, Musk started massive layoffs at T...
Twitter Employees Laid Off Via Email, Slack
Employees were laid off from Twitter (TWTR) globally starting on Nov. 3 and abruptly learned their individual fates by email or being logged off their laptops and Slack, a messaging app. Twitter emp...
Moonvember kicks off with sweeping staff layoffs across crypto
The crypto and tech industry has seen a slew of staff cuts this week against a backdrop of difficult market conditions, though on a positive note, some are bucking the trend. Crypto companies, includi...
Amid Twitter’s mass layoffs, don’t forget it began with a $150 million weed joke
Did it for the lulz. Twitter began laying off thousands of its employees on Friday, Nov. 4—possibly half of the 7,500-person staff—just one week after being bought by billionaire Elon Musk. The layoff...
Elon Musk and the Twitter layoffs
Elon Musk has been the new CEO of Twitter for a few days. Among the first actions taken by Musk is the mass dismissal of what are now former Twitter employees. The latter did not remain impassive to ...
Twitter employees file lawsuit claiming mass layoffs violate federal law requiring notice
A class-action lawsuit was reportedly filed against Twitter on Thursday on behalf of workers claiming the company’s intended layoffs violate a federal law requiring 60 days’ notice for employees...
Layoffs Pile Up as Bear Market Persists
Following staff cuts by major crypto companies such as Coinbase and Gemini earlier this year, a fresh round of reported layoffs and restructurings further accelerated the industry’s churn this week. C...
With Twitter layoffs set to start, employees worry about getting their severance
Elon Musk reportedly plans to lay off about half of Twitter’s workforce as part of sweeping changes since he took control of the social media company. (Jeff Chiu / Associated Press) In recent ye...
What’s Going On At Twitter? Layoffs, Twitter Outage, DOGE Down
After acquiring Twitter for $44 billion, Elon Musk is working to make the company profitable by downsizing its workforce. A company-wide email was sent yesterday to start the layoff process on Friday,...
Elon Musk’s Twitter Faces Class Action Lawsuit For Mass Layoffs
A class-action lawsuit was filed against Twitter due to Elon Musk’s decision to layoff 3,700 employees. According to the lawsuit filed in a San Francisco federal court, Twitter employees were not give...
Twitter facing lawsuit over staff layoffs, Dogecoin sinks 9%
Twitter is facing a class-action lawsuit over its plans to cut 50% of its workforce following Elon Musk’s takeover of the social media platform, Bloomberg News reported on Nov. 4. Since taking charge,...
Twitter Is Being Sued For Violating Employment Laws After Massive Layoffs
Rumors of massive layoffs had followed Elon Musk’s acquisition of the social media platform Twitter. Apparently, the billionaire had thought that there were too many employees in the company and that ...
Stripe cuts 14% of workforce as fintech layoffs roll on
Payments firm Stripe is firing 14% of its workforce as layoffs continue at fintech and crypto companies. The company cited the macroeconomic environment and falls in funding for startups. The cu...
Recession Concerns Grow As Amazon Pauses Hiring And Major Tech Companies Announce Layoffs This Week
Topline Amazon announced plans Thursday to implement a corporate hiring freeze, as the country’s second biggest company contends with rising inflation and economic uncertainty—becoming the latest comp...
Billionaire Novogratz’s Firm Exploring Mass Layoffs
Alex Dovbnya Mike Novogratz’s firm is preparing to cut 20% of staff Galaxy Digital, a global crypto-focused financial services firm, is planning to lay off roughly 20% of its staff, according to...
Huobi Digital refuses ‘large-scale layoffs’ and top executives’ resignations
From the past few months, it has been reported that Huobi Global is going to do “large-scale layoffs” and its top officials have left their posts in between the acquisition of the Seychelles-based cry...
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank h...
Huobi Global denies ‘large-scale layoffs’ and key exec resignations
Huobi Global says it has no plans to conduct “large-scale layoffs” and has refuted reports that two of its top executives have resigned amid a takeover of the Seychelles-based crypto exchange. Reports...
Tech talent migrates to Web3 as large companies face layoffs
As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech ...
Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned
Intel Corp. shares rose after hours Thursday after the chip maker topped Wall Street earnings estimates for the quarter and PC-chip sales came in slightly higher than expected, while the company trimm...