Crypto exchange Gemini laid off 10% of its staff, The Information reported, citing a message that was sent to employees on Monday. Poor macroeconomic conditions and “unprecedented fraud...
Tag: Lays
Wayfair stock climbs after online retailer lays off 1,750 workers
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair‘s stock price jumped 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to s...
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 ...
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...
DirecTV lays off hundreds of managers as cord cutting accelerates
A DirecTV technician at an apartment building in Lynwood, Calif. Patrick T. Fallon | Bloomberg | Getty Images DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the comp...
Coinbase lays off nearly 1000 jobs in second cut in…
Coinbase has announced that it will lay off around 950 staff in a bid to cut costs. Coinbase, one of the largest and most popular cryptocurrency exchanges in the world, has recently announced plans to...
Bed Bath & Beyond lays off more employees as it struggles to survive
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond has begun its la...
Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn
The largest US-based crypto exchange by volume is cutting its workforce to help survive the prolonged crypto bear market. In a new blog post, Coinbase CEO and co-founder Brian Armstrong announced the ...
Coinbase lays off 950 employees
Coinbase, the largest cryptocurrency exchange in the U.S., announced a major restructuring plan that will help it weather the broader crypto market downturn. Brian Armstrong, the exchange’s CEO, annou...
Crypto-asset manager Osprey Funds lays off most of its staff: Report
Digital asset manager Osprey Funds has reportedly laid off most of its staff since the summer of 2022, underscoring the ongoing operational challenges posed by crypto’s enduring bear market. Yahoo Fi...
Crypto Exchange Kraken Lays Off Over 1,000 Employees
Kraken – a popular digital currency trading platform based in northern California – is laying off more than 1,000 employees as it attempts to deal with the ongoing crypto winter. Kraken Says Bye to a ...
Macy’s quietly lays an egg — and more may be coming for retail
A version of this article first appeared in the Yahoo Finance Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Macy’s (M) dumped...
TRON founder Justin Sun moves $100 million as Huobi reportedly lays off staff
TRON founder Justin Sun transferred stablecoins worth $100 million to crypto exchange Huobi following news that it was laying off employees. Huobi would lay off 20% of its staff, as per a report. TRON...
Crypto Lender Genesis Lays Off 30% More of Its Staff
“As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally,” a Genesis spokesperson said in a statement. “These measures ar...
NFT Marketplace SuperRare Lays Off Staff After Over Hiring
SuperRare CEO John Crain claims they made the mistake of overhired. SuperRare collected over $250M in digital art and $3M in artist royalties paid. SuperRare, a Non-Fungible Token (NFT) marketplace, h...
Genesis Lays Off 30% Of Workforce
The crypto lending platform Genesis is considering filing for bankruptcy and has laid off around 30% of its staff. Genesis On The Verge Of Bankruptcy? Less than six months after its first round of la...
Crypto lender Genesis lays off 30% more staff: Report
Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months. According to a Jan. 5 Wall Street Journal report, Genesis reduced i...
Genesis Trading lays off 30% of its Workforce As Bankruptcy Looms
Genesis Trading, a troubled crypto lending company, has laid off 60 more employees, or 30% of its workforce, according to sources. This marks the company’s second round of layoffs, after previously cu...
Crypto Analyst Predicts Beginning of Next Bitcoin Bull Run, Lays Out March 2023 Ethereum Forecast
The closely followed crypto analyst and host of the InvestAnswers YouTube channel is making forecasts for both Bitcoin (BTC) and Ethereum (ETH) in 2023. In a new video update, the analyst says that he...
NEAR Protocol Project Octopus Network Lays Off 40% of Team
Octopus Network has announced a set of restructuring measures amid current bleak market conditions, which will see roughly 40% of its members (12 out of 30) leave its core team. The remaining team mem...
Near Project’s Octopus Network lays off 40% of its staff amid crypto winter
Octopus Network, a decentralized app chain network natively built on NEAR Protocol, has announced that it will be “refactoring” to adapt to current market conditions. As part of its refactoring proce...
Unicorn Pluralsight Lays Off 20 Percent Of Staff, December 2022
| Getty Images Key Takeaways In a letter to employees, Pluralsight CEO Aaron Skonnard announced the company would be laying off employees, effective immediately. Layoffs have become common in 2022, es...
Binance acquires Indonesia’s leading exchange, lays off 58% of staff
The world’s largest crypto exchange by market cap, Binance, has acquired one of the leading exchanges in Indonesia. The deal comes as the country still has difficulties regulating the asset class. Acc...
Amber Group Terminates Sponsorship Deal with Chelsea FC, Lays Off 40% Staff
Amber Group has halted its sponsorship deal with Chelsea and is looking to downsize its workforce as the crypto winter bites hard. Amber Group has reportedly terminated its $25 million sponsorship dea...
Why Did FTX Collapse? Ripple CTO David Schwartz Lays Out The Reasons
Cryptocurrency investors have had a rough 2022, what with Bitcoin’s terrible price drop and Luna’s tragic end. The recent crash of FTX, a prominent exchange for trading digital currencies, has unfortu...
Latest In Tech Layoffs: DoorDash Lays Off 1,250
| Getty Images Key Takeaways DoorDash CEO Tony Xu announced that the company would be reducing expenses by letting go 1,250 corporate employees. The company is trying to cut expenses since operating e...
Crypto Tax Firm Koinly Lays Off 14% of Staff Amid Bear Market
UK-based crypto tax firm Koinly is letting go 14% of its global team, citing the need “to combat the challenging conditions facing the cryptocurrency market and economy at large.” The job cuts will af...
Fintech firm Plaid lays off 260 employees
Plaid, a firm that connects banks and fintech firms, laid off about 260 employees as it grapples with the slowing economy. “The simple reality is that due to these macroeconomic changes, ...
Koinly lays off 14% of staff, cites unfavorable market conditions
London-based early-stage crypto start-up Koinly is downsizing its workforce. Via a circular on Tuesday, the firm revealed that it will lay off 14% due to unfavourable crypto market conditions. The wor...
Gaming Retail Giant ‘GameStop’ Yet Again Lays Off Staff
9 seconds ago | 2 mins read NFT News The company’s crypto wallet staff was struck especially hard. This year, GameStop debuted an NFT marketplace. According to reports and social media postings from i...
Australian Crypto Exchange Swyftx Lays Off 35% Personnel
Exchange News Swyftx co-CEO Alex Harper announced the decision in a statement on December 5. Harper said that the difficult choice was essential to survive the ongoing crypto winter. Swyftx, an Austra...