Peng Zhong, the CEO of Ignite, the company behind the Cosmos blockchain ecosystem, announced his resignation on Friday. Zhong’s departure comes just a few months after the firm recently changed its na...
Tag: layoffs
No mass layoffs said Bitpanda, three weeks before axing third of staff
Cryptocurrency and commodities trading platform Bitpanda told its employees it would not resort to mass layoffs amid the economic downturn, just three weeks before a big employee cull. According to a ...
Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs
Abra, a California-based crypto trading and lending platform, and OSL, a licensed crypto exchange based in Hong Kong, are the latest in a string of crypto start-ups that have announced layoffs followi...
Crypto Winter Brings More Layoffs as BofA Sees Deep Freeze Avoided
Crypto and equity markets have rallied over the past week after U.S. Federal Reserve Chair Jerome Powell signaled a softened stance on rate increases. Powell said the agency’s commitment to reining in...
Bit.com Plans to Double Workforce as Layoffs Mount in Crypto and Financial Markets
The crypto markets are going through a rough phase. Bitcoin has crashed more than 70% in 8 months. Amidst the crash, several companies are laying off their employees, desperately trying to save cash. ...
Bitget Seeks 3x Workforce Expansion Amid Ongoing Layoffs
Emerging derivatives exchange platform, Bitget has announced its plans to strengthen its ongoing ecosystem growth with the addition of about 500 more new employees. While many crypto platforms are str...
Wall Street layoffs likely ahead as two-year hiring boom turns to bust
People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and ...
Bitpanda announces layoffs citing no compromise on product quality
Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to announce a mass layoff as it aims to “get out of it financially healthy” amid an unforgiving bear market. Ove...
Gemini Exchange Says Major Layoffs Are Coming
The ongoing crypto crash is continuing to wreak havoc on exchanges and related platforms. Gemini in New York, for example, recently announced that it is planning to lay off roughly ten percent of its ...
One More Crypto Exchange Announces Layoffs Amid Downturn
After Bybit’s plans earlier this week to layoff employees, another cryptocurrency exchange now joined the long list of companies which cut staff. Already, major exchanges like Coinbase made the axe re...
Amid Huge Layoffs, LBank Continues Hiring Across All Levels
Cryptocurrency exchange LBank has continued to hire more cryptocurrency and blockchain talents, as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto mark...
Redfin executives got bonuses and huge compensation packages on the same day the company announced major layoffs. How is that legal?
Last week, the CEO of real estate company Redfin, Glenn Kelman, announced the company was laying off 8% of its employees in an email, saying that demand for the company’s realtor services had fallen 1...
EV Sales are Surging, so Why Are Automakers Planning Layoffs?
While electric vehicles are enjoying an unprecedented surge in popularity, ongoing supply chain problems, and growing recession fears are beginning to hit the automotive industry. EV sales rose 65% in...
Bitoasis Layoffs 5% Workforce as Bear Market Concern Grows
United Arab Emirates-based cryptocurrency exchange BitOasis announced on Sunday that it has laid off nine employees as part of its cost-cutting plan. Ola Doudin, the CEO of Middle East-focused crypto ...
Sweeping layoffs, hiring and firing as crypto prices take a massive downturn
Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing thewoes ...
Binance Announces 2,000 Open Job Positions Despite Mass Layoffs In the Crypto Industry – crypto.news
Binance is preparing to employ roughly 2000 positions while other businesses are busy with redundancies. At the Convergence 2022 conference this week, Binance CEO Changpeng Zhao stated that the busine...
What Layoffs At Tesla And Coinbase Mean For Investors
SOPA Images/LightRocket via Getty Images Key takeaways Tesla have announced layoffs to 10% of their workforce with Coinbase also laying 18% of theirs It’s the latest in a string of headcount reduction...
Community Admires As Binance and Ripple Announce Job Vacancies Amid Widespread Crypto Talents’ Layoffs
– Advertisement – Despite the massive crash of the cryptocurrency market since the beginning of the year, some crypto-related companies have continued to embark on hiring sprees to strengt...
Binance Plans to Hire 2,000 New Employees Against Coinbase & Gemini Layoffs and SEC Investigation
Despite the carnage on the streets of the cryptocurrency world, Binance, one of the world’s largest and most popular crypto exchanges by trading volume, does not plan to roll back its expansion ...
Crypto Winter Layoffs? Binance Is Hiring While Most Exchanges Are Firing, CEO Says
While other cryptocurrency exchanges are firing staff, the world’s biggest is reportedly on a hiring spree. According to Fortune magazine, Binance is making the most of the crypto winter—its CEO said...
Crypto Prices Plummet – Coinbase, Crypto.com Announce Layoffs
With the ongoing crypto crunch, following the suit of Crypto.com, Coinbase Global Inc. CEO Brian Armstrong also took to Twitter to announce the 18% cut in its workforce, blaming the market turndown an...
Binance CEO throws shade at exchange rivals over layoffs
? Want to work with us? CryptoSlate is hiring for a handful of positions! On Wednesday, Binance CEO Changpeng Zhao (CZ) tweeted that his firm is actively looking to fill 2,000 open positions. This is ...
The housing market ‘correction’ intensifies as layoffs hit Redfin and Compass. This interactive map explains why
On Tuesday, layoffs hit two of the biggest names in real estate. First, Redfin announced it’s laying off 8% of its staff. Then Compass, one of the nation’s largest residential brokerages, announced it...
Crypto Layoffs Continue as Celsius Rival BlockFi Cuts Staff by 20%
Crypto lending firm BlockFi today announced that it was cutting staff—making it the latest company in the digital asset space to give employees the chop amid a brutal bear market. The firm said in a ...
Compass, Redfin Shed Workers Amid Bleak Housing Market
Topline The real estate brokerages Compass and Redfin announced large layoffs Tuesday as housing demand plummets, causing their shares to tumble. Pictured is a house listed for sale with a Compass sig...
Real estate firms Compass and Redfin announce layoffs as housing market slows
Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to ...
Layoffs Continue with BlockFi and Crypto.com Latest Firms to Shed Staff
The market’s recent bloodbath has resulted in major crypto firms reining in their expansion plans and, in some cases, laying off a sizable portion of their workforce. BlockFi has laid off 20% of its ...
Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites
Crypto exchange Crypto.com and lending platform BlockFi announced on Monday plans to cut over 400 jobs globally, as they come under pressure from difficult market conditions. Crypto.com said that it...