Brian Moynihan, chief executive officer of Bank of America Corp., speaks during a Bloomberg Television interview at the Goldman Sachs Financial Services Conference in New York, on Tuesday, Dec. 6, 202...
Tag: layoffs
Amber Group says it’s ‘business as usual’ amid reports of more layoffs
Digital asset platform Amber Group is reassuring clients and stakeholders that it is “business as usual” at the firm following reports that the company laid off staff. The Hong Kong-based firm ...
Chainlink Adds Staking After Cutting Sales Staffers
Mark Chainlink Labs as the latest crypto company instituting layoffs and blaming the bear market — while lining up opportunistic new products. The firm — which powers oracle solutions and relate...
Amazon Alexa Layoffs, Jeff Bezos Updates
| AFP via Getty Images Key Takeaways Amazon laid off 10,000 workers, primarily in its Alexa division, as it underperforms expectations. The company continues to deal with warehouse workers attempting ...
Jim Cramer’s Investing Club meeting Tuesday: Bank pick, layoffs play
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. WFC is a buy Still like PG...
Top 5 Companies Massive Layoffs In 2022
The crypto industry is experiencing turbulent times, with crypto winter forcing them to shut down operations and freeze hiring. After repeated ‘black swan’ events such as the FTX collapse, the Luna Te...
Cowen Digital taps London lead, charging ahead amid crypto winter, mass layoffs
Cowen Digital hired a new lead for its European and Asian operations as the firm sticks to its ambitious digital asset plans and takes advantage of crypto winter to scoop up talent. Taylor Cable...
Swyftx layoffs 40% of its employees. Know the reason
Swyftx, a crypto exchange established in Australia has eliminated about 90 employees, which it clarified was in the arrangement of a “worst-case scenario.” The worst-case scenario will be a result of...
Australian crypto exchange Swyftx cuts 90 jobs in second round of layoffs
Australian crypto exchange Swyftx has fired 90 employees in its second round of layoffs in four months. “Swyftx has no direct exposure to FTX, but we are not immune to the fallout it has c...
Crypto layoffs trigger mixed responses from the community
As more crypto companies have cut off their staff to weather the effects of the bear market, crypto community members have posted various reactions from giving encouragement to trying to hire the prof...
Australian Crypto Exchange Announces Massive Layoffs
Alex Dovbnya Swyftx has fired more than a third of its staff, with the ongoing cryptocurrency winter becoming increasingly brutal Australian cryptocurrency exchange Swyftx has fired 35% of its staff (...
Bybit announces second round of layoffs in 2022 to survive bear market
Yes, the bear market weeds out the bad actor, but it also forces the existing players to rethink their business strategies to offset resultant losses. In this effort, crypto exchange Bybit announced m...
The U.S. job market is strong, but layoffs are on the rise. Is this a good — or bad — time to ask for a raise? Experts weigh in.
Is this an opportune time to ask for a raise? Or, given the recent spate of tech layoffs, is it better to lie low for a while? The good news: Employers are giving pay raises. The increase in wages ov...
Tech layoffs keep on coming
Tech layoffs are dominating newsfeeds and headlines, and the cuts are coming across the board. This isn’t the first round of tech layoffs since the end of the pandemic, but this time the cuts ar...
Jobless Claims Fall Despite Layoffs And Inflation
| Getty Images Key Takeaways Despite constant fears of high inflation and news of layoffs, the October jobs report announced that 261,000 non-farm jobs were added. The Fed has been watching the labor ...
Binance CEO Alerts Crypto Investors Following Kraken Massive Layoffs
Kraken lays off 30% of its workforce to survive crypto winter. But is CZ trying to tell us something about Kraken? Jesse Powell, the Co-Founder and CEO of Kraken, announced that they are reducing the ...
Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce
The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance expanding to Japan with the acquisition of Sakura Exchange BitCoin (SEBC), B...
Crypto exchange Kraken to start layoffs as crypto winter persists
Kraken plans to lay off nearly 30 percent of its overall headcount because of crypto winter The company is providing a number of support for those losing their jobs The second largest crypto exchange...
Kraken cuts 30% of staff to ‘weather crypto winter’
Kraken’s the latest crypto firm to announce mass layoffs. “We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market condi...
CNN Begins Layoffs Hitting At ‘Heart And Soul Of This Organization’
CNN boss Chris Licht told employees Wednesday the company was beginning a round of layoffs (Photo by … [+] Prince Williams/Getty Images) Getty Images CNN boss Chris Licht told the network’s empl...
How the crypto hiring landscape is responding to industry layoffs
Episode 119 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, and Rob Paone, Founder and CEO of Proof of Talent. Listen below, and subscribe to The Scoop on Apple...
Gary Vee-Backed NFT Startup Candy Digital Cuts Staff in Mass Layoffs
In brief Sports NFT startup Candy Digital completed layoffs today, a source confirmed to Decrypt. The company surged to a $1.5 billion valuation just months after it was founded in 2021, but the wider...
Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source
The FTX contagion has just claimed another crypto firm. BlockFi will file for Chapter 11 bankruptcy protection later today, a source at the company tells Decrypt. In an official announcement, the New ...
AMC Networks plans layoffs as CEO steps down after less than three months
AMC Networks told its employees Tuesday that it is planning significant layoffs, according to people familiar with the matter and a memo obtained by CNBC. The memo, sent by AMC Networks Chairman James...
Bitso cuts more staff in fresh round of layoffs
Mexico-based crypto exchange Bitso has let go of an unspecified number of workers in a fresh round of layoffs, about six months after cutting about 80 employees. “Bitso made the difficult ...
Laid-Off As An H1B Visa Holder? Here’s How To Fix That
Recently a number of H1B visa holders were laid off and now must find alternate work in the U.S. or … [+] go home. What options are there? getty Recent layoffs at large American firms have impac...
Elon Musk will offer ‘amnesty’ to banned Twitter accounts amid more layoffs
Twitter owner and CEO Elon Musk says a “general amnesty” for banned accounts will begin next week for those who “have not broken the law or engaged in egregious spam.” He polle...
Lemon Cash CEO expects more fintech layoffs in LatAm amid its own: Exclusive
Argentina-based crypto app Lemon Cash has laid off about 100 people, 38% of staff, marking the latest round of cuts in the region. Several other Latin America-based crypto companies have announc...