The biggest news in the cryptoverse for Jan. 18 saw rumors circulate suggesting that Genesis is preparing a prepackaged bankruptcy filing. Meanwhile, Ethereum development firm ConsenSys announced that...
Tag: layoffs
Microsoft layoffs a ‘rip the band-aid off’ moment: Analyst Dan Ives
Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive mo...
ConsenSys CEO confirms layoffs, firm to focus on scaling core offerings
ConsenSys Advisory, Development, Education, Technology, Venture Capital Company in North America ConsenSys is a venture production studio and custom software development consultancy building decentral...
Jim Cramer Reveals His ‘Fear’ After Microsoft’s Massive Layoffs
Microsoft (MSFT) – Get Free Report shares rose in pre-market trading Wednesday amid investor enthusiasm over the software titan’s announcement that it will slash 10,000 jobs, about 5% of its wo...
950 More Employees To Lose Their Jobs As Coinbase Goes For Another Round Of Layoffs
Getty Images Key takeaways: It was announced on Jan. 10, 2022 that Coinbase would be slashing its workforce by about 20% (which translates to 950 employees) in an effort to reduce overall operating ex...
ConsenSys confirms 11% staff cut
Blockchain software company ConsenSys has laid off about 11% percent of its staff. The round of cuts affected a total of 96 employees, the firm said in a statement on Wednesday, confirming repor...
Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper
(Bloomberg) — Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are...
Crypto.com Lays Off More Of It’s Workforce As Crypto Winter Deepens
(AP Photo/Mark J. Terrill) Copyright 2022 The Associated Press. All rights reserved. Key takeaways Digital assets exchange Crypto.com has laid off 20% of its global workforce. The announcement is the ...
‘We still like the stock,’ analyst says following layoffs
There’s still a lot to like about Amazon (AMZN) stock, even though the company’s coming off a hard year, JMP Securities Equity Research Analyst Nick Jones recently told Yahoo Finance Live ...
Crypto.com Announces 20% Layoffs Amid Fallout from FTX
Cryptocurrency exchange Crypto.com announced that it would be cutting jobs by 20% as a result of the “significant damage” the industry has suffered due to the fall of FTX. Crypto exchange Crypto.com h...
Crypto.com Announces 20% layoffs: Weren’t Ready for FTX like Event
Kris Marszalek announced a 20% reduction of their global workforce on January 13, 2023. Crypto.com previously laid off 5% of its complete workforce in June 2022. Kraken, Swyftx, and Huobi also annou...
Crypto.com Announces Fresh Round of Layoffs by 20%
10 hours ago | 2 mins read Exchange News In June of 2022, the cryptocurrency exchange fired 5% of its staff. Marszalek said that the company was prepared to withstand the macroeconomic slump. Poor mar...
No Respite From Layoffs: Crypto.com Cuts 20% Workforce
Crypto.com has been hit by yet another wave of layoffs. The co-founder and CEO of the crypto exchange, Kris Marszalek announced the decision to reduce the headcount by 20% citing ongoing economic head...
Cronos (CRO) price up as Crypto.com announces layoffs
The price of Cronos (CRO) token has maintained its bullish trajectory even as Crypto.com announces 20% layoffs. In the company’s announcement, the CEO and co-founder of Crypto.com, Kris Marszalek, the...
Crypto.com cuts 20% of workforce amid sector-wide layoffs
Crypto.com, the Singapore-based crypto wallet and payments firm, is laying off 20% of its global workforce. The company announced the news in a blog post published today. Kris Marszalek, the fi...
BlackRock is Planning Lay-offs – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
BlackRock, the world’s largest asset manager, is planning to reduce its workforce. The layoffs amount to less than 3% of its workforce, as a spokesperson for BlackRock told CNN on Wednesday. BlackRock...
Coinbase To Spend $150M On Recent Cuts — But Still Has Plenty of Cash
Coinbase appears set to hone in on fewer business lines as it implements cost-saving measures, as one analyst said the company’s NFT platform could be at risk. CEO Brian Armstrong revealed in a ...
Coinbase Lays Off 950 Staff, Cuts Operational Costs By 25%
Coinbase is cutting an additional 950 staff as part of cost-saving measures that will see its operational expenses shrink by a quarter. The move was announced by CEO Brian Armstrong in a Tuesday morni...
Coinbase to close majority of Japan operations following global layoffs: Report
Crypto exchange Coinbase will be closing down most of its operations in Japan as part of its efforts to survive in the bear market. The move is part of the company’s restructuring plan and follows the...
Coinbase continues with layoffs – The Cryptonomist
Coinbase is continuing with its company cutbacks, announcing the layoff of another 950 people from its team. This was publicly announced by the CEO and co-founder of the crypto platform, Brian Armstr...
Coinbase Institutional Business Thrives Despite Over 2000 Layoffs
Coinbase‘s custody business flourishes as the bear market causes it to lay off 950 staff as a cost-cutting measure. CEO Brian Armstrong announced that the exchange will reduce its headcount by a furth...
Coinbase to cut another 20% of its workforce in second wave of layoffs
Major cryptocurrency exchange Coinbase is starting 2023 with more layoffs, letting go of another 20% of its employees in a second major wave of layoffs. Coinbase CEO Brian Armstrong officially announc...
Amazon (AMZN) layoffs may pinch holders—industry preparing for looming crunch
Amazon plans to cut costs by laying off workers worldwide. Proposal to shut off UK warehouses in 2023. Many speculate Bezos’s return as CEO. Amid the layoff season, many companies are making massive j...
ConsenSys to lay off 100 or more employees: Coindesk
ConsenSys will let go of as many as 100 or more employee, CoinDesk reported, citing a person familiar with the matter. The exact number of employees that could be laid off is not clear, as the ...
Coinbase Continues Staff Layoffs Citing ‘Ongoing Market Conditions’ ⋆ ZyCrypto
Advertisement     Coinbase announced Tuesday that it plans to lay off 950 staff members, about 20% of its workforce, to reduce costs – according to an internal memo. T...
Is Coinbase stock a ‘buy’ after announcing second round of layoffs?
Coinbase Global Inc (NASDAQ: COIN), on Tuesday, announced its second round of layoffs to cut costs in the midst of the ongoing crypto market downturn. Shares are trading slightly up this morning. Coin...
Coinbase announces another fresh round of layoffs
Coinbase will be firing 950 employees in order to reduce its operating expenses The exchange made a similar move in November 2022 and June 2022 Coinbase, one of the largest crypto exchanges in America...
Coinbase to cut 20% of staff in latest round of layoffs
Coinbase has implemented another round of layoffs, affecting 950 employees and reducing its operating expenses by 25%. After examining the firm’s prospects for 2023, Coinbase CEO Brian Arm...
Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market
There’s no denying that the crypto market has been gripped by immense bearish pressure over the past year, as made evident by the fact that the total capitalization of this sector has continued to hov...