As discussions around inflation take up the pace, and companies try to cope with the slowing demand, crypto exchanges are facing the heat too. According to a report, tech and crypto companies have lai...
Tag: layoffs
Stitch Fix shares sink after company announces layoffs, offers weak guidance
Stitch Fix said Thursday that it is laying off 15% of salaried positions within its workforce, mostly in corporate roles and styling leadership positions, in a bid to trim expenses amid red hot inflat...
Tesla Holds Hiring Event In China After Musk’s Threat Of Layoffs And Hiring Freeze
Topline Tesla is holding an online hiring event in China on Thursday, Reuters reported citing an online post by the company, after the electric carmaker’s CEO, Elon Musk, appeared to backtrack on his ...
FTX will not freeze hiring amid layoffs at other crypto firms, CEO states
Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the c...
Citigroup Goes on Hiring Spree Amid Layoffs in Tech and Crypto Industries
Citigroup has announced its intention to hire 4,000 new staff reversing the trend of layoffs in the industry. The company noted that the move was made to keep up with the digital demands of institutio...
Layoffs, the crypto downturn, investor offense and Columbus, Ohio
TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help y...
Tech and crypto firms experienced massive layoffs in May. Here’s how bad it really is
Last month, Fortune reported that the tech industry’s 2021 hiring boom seemed to be slowing down. One month later, it’s clear that the boom is over. Amid rising inflation rates and slowing demand, tec...
Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms – Bitcoin News
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-fo...
Cerebral CEO Blames Market Conditions For Impending Layoffs As Company Faces DOJ Investigation
Cerebral CEO and chief medical officer David Mou. Cerebral Cerebral CEO David Mou seemed to create more confusion over planned layoffs at the mental health startup during a Friday town hall, where he ...
LatAm Bitcoin Exchanges Announce Major Layoffs to Prepare for Crypto Winter
The onset of Crypto Winter is not only affecting retail investors. Six of the most important cryptocurrency exchanges in the U.S. and Latin America have announced massive layoffs and changes in their ...
Mass layoffs at major Middle Eastern crypto exchange due to market sell-off
Although the global cryptocurrency market is starting to recover, its prolonged bearish periods are still taking their toll on some crypto firms, including one of the largest crypto exchanges in the M...
Tech layoffs top 15K in a brutal May
It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, more than 15,000 tech workers have lost their jobs this month. Hopeful...
Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia – Bitcoin News
Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 worke...
Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs – Bitcoin News
Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico ...
Tech layoffs and hiring freezes increase as cheap money shrinks
The job market in the tech industry is starting to show some cracks. On Tuesday, streaming giant Netflix (NFLX) confirmed it is laying off 150 workers amid slowing demand. That same day, e-commerce gi...
Tech companies are slowing hiring or announcing layoffs. Is this the beginning of a cooler job market?
The tech industry’s hiring boom seems to be slowing down. The sector proved to be impressively resilient during the pandemic, posting better growth and results than most other sectors. But that appear...
Robinhood announces layoffs ahead of first-quarter earnings release
Brokerage app company Robinhood has laid off “approximately 9%” of its global staff, according to a blog post from the firm’s CEO Vlad Tenev. In the post, Tenev cited a period of sig...
Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 58...
Layoffs in sight for Robinhood
The CEO of Robinhood, the popular stock market investment app, has announced that the company is laying off 9% of its workforce. Robinhood, laying off 9% of human resources Robinhood fires around 300 ...
Robinhood’s Troubles Could Get Worse As Stock Hits Record Low Amid Layoffs And Looming Quarterly Earnings
Topline Shares of stock trading app Robinhood lost roughly 4% on Wednesday—hitting a new record low—after the company laid off a chunk of its workforce, with analysts warning that troubles could still...
Here’s where the jobs aren’t bouncing back: Main Street
A “now hiring” sign is posted in the window of a restaurant in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images The latest nonfarm payroll report shows a...
Near-Record 4.3 Million Americans Quit Jobs In December As Layoffs Hit Lowest Level Ever
Topline Though the number of layoffs hit a record low in December, the number of Americans quitting their jobs remained near record territory, the Bureau of Labor Statistics reported Tuesday, further ...
Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs
A Peloton Bike Shannon Stapleton | Reuters Peloton shares are up more than 5% in trading Friday after the company said it’s resetting its production levels and considering layoffs in order to ma...