Anchorage Digital, the first federally chartered crypto bank in the US, has announced a layoff of around 20% of its staff, totaling 75 people, as the prolonged bear market in the crypto industry conti...
Tag: Lays
Anchorage Digital lays off 20% of staff as other crypto-friendly banks shutdown
Cryptocurrency bank Anchorage Digital will lay off approximately one-fifth of its staff, according to a report from Bloomberg on March 14. Anchorage lays off 20% of staff Bloomberg reported that, base...
UBER Stock Rises; LYFT Stock Lays as Gigs Win Case in Calif Court
Uber stock rises as the California court ruling favors ride-sharing apps. Lyft stock continues to fall and loses 2.87% intraday. The California court overturned a previous ruling, allowing Prop.22 to ...
Elon Musk Reportedly Lays Off 200 Twitter Staffers After Saying He Wants To ‘Stabilize’ Company
Topline Twitter has laid off more than 200 staffers, including some top executives who had risen up the ranks after Elon Musk’s takeover of the company, according to reports, weeks after the firm’s bi...
Twitter Reportedly Lays Off 200 Staffers Including Head Of Blue Subscription Service
Topline Twitter has laid off more than 200 staffers including some top executives who had risen up the ranks after Elon Musk’s takeover of the company, various news outlets reported, a move that comes...
Blockchain Research and Data Analysis Firm Messari Lays off 15% Workforce
2 hours ago | 2 mins read Blockchain News Messari’s CEO and co-founder Ryan Selkis made the announcement on Twitter. The firm will assist its former workers in finding new employment. South Korean blo...
Prominent Australian Crypto Gaming Firm Immutable Lays Off 11% Staff
2 hours ago | 2 mins read Blockchain News Having already laid off staff in July 2022, Immutable is now doing so again. The layoffs were disclosed in a memo emailed to staff on Wednesday. Immutable, a ...
Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO – Fintech Bitcoin News
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of ax...
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
Australian Gaming Start-up Immutable Lays off 11% of Workforce
The biggest cryptocurrency gaming start-up in Australia, Immutable, is laying off 11% of its staff, reported the Sydney Morning Herald on Wednesday. The news comes despite Immutable obtaining venture ...
Polygon lays off 20% of staff; Helium sets Solana migration date
Ad The biggest news in the cryptoverse for Feb. 21 saw Polygon announce a mass layoff. Meanwhile, the wireless hotspot project Helium set a date for its migration to Solana. Plus, news on Web3 gaming,...
Magic Eden lays off 22 staff members
Through a recent letter shared on Twitter, the online NFT marketplace Magic Eden said it would lay off workers. 22 staff members will leave the company due to restructuring. As the crypto sector as a ...
Magic Eden Undergoing Restructuring Process, Lays Off 22 Employees
Following a spree of layoffs across the crypto industry in 2022 – a microcosm of the tech industry at large, which also saw plenty of reductions last year – Magic Eden becomes the latest company to cu...
Magic Eden lays off 22, about 15% of staff in latests workforce cuts
Magic Eden laid off 22 people as companies across the industry cut staff amid industry-wide cuts. That amounts to about 15% based upon the 141 employees listed on LinkedIn. Magic Eden is the lat...
IMF Lays Into El Salvador for Bitcoin Bond Decisions
The IMF criticized El Salvador for its decision to make Bitcoin legal tender in a statement published about the country’s economy. The International Monetary Fund (IMF) has issued a critical statement...
Filecoin Creator Protocol Labs Lays off 21% Staff; Blames Market
Recent industry events and macroeconomic factors were stated as reason for the decision by CEO Juan Benet. Coinbase, Crypto.com, Gemini among others that laid off staff. Decentralized storage network...
Biden Gives Fiery Speech And Lays Out 2024 Agenda, Vowing To ‘Finish The Job’
US President Joe Biden delivers the State of the Union address in the House Chamber of the US … [+] Capitol in Washington, DC, on February 7, 2023. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB...
‘Britcoin’ Consultation Lays Groundwork for UK’s Digital Pound
Britain is moving ahead with plans for a digital pound that could be in use by the late 2020s, the country’s Treasury and the central bank said yesterday. “While cash is here to stay, a digital ...
Elon dodges liability, Ford falters and Rivian lays off more workers
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Filecoin’s Protocol Labs lays off one-fifth of staff
Protocol Labs has become the latest cryptocurrency company to carry out a mass layoff, according to a Feb. 3 report from Forbes. The company reportedly laid off 89 people, representing 21% or approxim...
Filecoin parent company lays off 21% of its staff – Cryptopolitan
In a blog post released on Friday, Protocol Labs CEO Juan Benet declared the company would be laying off 21% of its staff due to an “extremely challenging economic downturn,” particularly in the crypt...
Crypto Exchange Woes Continue: Kraken Reportedly Shutters Regional Headquarters As Bittrex Lays Off 83 Employees
A new report finds that crypto exchanges Kraken and Bittrex are downsizing amid the continued turmoil in the digital asset space. Bloomberg reports that San Francisco-based Kraken shuts down its Abu D...
UK lays foundation for robust crypto regulation
According to recent reports, the United Kingdom’s His Majesty’s Treasury plans to implement stringent rules for crypto assets. 2022’s dire events that took down several entities have left governments ...
FedEx lays off 10% of officers and directors amid cooling demand
Raj Subramaniam, FedEx Corporation, speaks at the U.S. Chamber of Commerce Aviation Summit in Washington, D.C. on March 5, 2020. Kristoffer Tripplaar | Sipa via AP Images FedEx is cutting more than 10...
Crypto tax unicorn CoinTracker lays off 19 employees, citing industry gloom, ‘over-hiring’
Crypto tax unicorn CoinTracker laid off about a fifth of its staff due to market conditions. A total of 19 employees were let go from the San Francisco-headquartered crypto tax company as its le...
DCG Subsidiary Luno Lays Off 35% of Employees (Report)
The London-based cryptocurrency platform – Luno – will reportedly trim the size of its team by over 330 people. It adds its name to the growing list of industry players dismissing staff due to the bea...
Gemini to file for bankruptcy? Question Arises After Exchange lays off 10% workforce
Gemini, a New-York based centralized cryptocurrency exchange, is planning to lay off 10% of its workforce; the news came into the limelight when The Information, a San Francisco-based media outlet, re...
Gemini Exchange lays off 10% of staff in 3rd round of cuts – Cryptopolitan
Gemini, the cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, announced that it would reduce its workforce by 10%. However, this is the third time Gemini has conducted layoffs in les...
Gemini Lays of 10% of Employees Due to Crypto Industry’s “Bad Actors”
Gemini – the Winklevoss-owned cryptocurrency exchange – has commenced its third round of job cuts in under a year, dismissing another 10% of its workforce. Cameron Winklevoss claims the layoff was mo...
Crypto exchange Gemini lays off 10% of workforce
Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle | Getty Images Crypto exchange Gemini will r...