Australian cryptocurrency exchange Swyftx has announced it will lay off 40% of its workforce, or about 90 staff members, as a result of a worsening downturn in digital asset markets following the demi...
Tag: Lays
Australian Securities Exchange (ASX) Lays Off 200 Contractors
11 seconds ago | 2 mins read Blockchain News Approximately $3.19 billion in daily trading activity is processed by the ASX CHESS. Accenture conducted an independent audit of the project and found a pl...
CNN lays off hundreds of staffers − read the memo
Hundreds of CNN employees were notified of layoffs Thursday as part of CEO Chris Licht’s efforts to transform the cable news network. CNN had about 4,400 employees. The layoffs affected hundreds...
Prominent Crypto Exchange Kraken Lays Off 30% Personnel
Exchange News 1,100 individuals lost their jobs due to the recent layoff. The company had to triple its personnel to accommodate the influx of new users. The Kraken crypto exchange stated today that t...
Kraken Lays Off 30% of Staff as Bitcoin Bear Market Persists
Mass layoffs continue to plague the crypto industry. San Francisco-based crypto exchange Kraken today announced that it is cutting roughly 1,100 employees, reducing its headcount by 30%. In a blog pos...
Candy Digital NFT shop lays off large number of employees amid market deterioration
Digital collectibles firm Candy Digital, financially backed by industry heavyweights Mike Novogratz and Gary Vaynerchuk, has cut a large number of jobs — perhaps as much as half of its employees — rou...
Sports NFT Firm Candy Digital Lays Off Over 30% Staff
17 seconds ago | 2 mins read NFT News Candy reportedly fired more than 30 of its 100-person staff. The firm secured $100 million at a $1.5 billion value in October 2021. According to reports, a huge n...
Israel’s chief economist lays out recommendations for crypto regulation
Israel’s chief economist has laid out a list of recommendations as to how policymakers should tackle digital asset laws in the country in order to safely drive up crypto adoption. In a 109-page ...
Crypto lender Ledn lays off chief commercial officer in latest industry job cuts
Crypto lender Ledn has laid off several employees amid the crypto crunch. “Several colleagues and myself were laid off at Ledn. This is my first time I got laid off,” Guido Pettinari...
Musk lays a trampoline for DOGE to rise – price hiked for Twitter 2.0
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Crypto Exchange Lemon Cash Lays Off 100 Employees
8 seconds ago | 2 mins read Exchange News CEO Cavazzoli said that both the Argentine and Brazilian branches were impacted. In July 2021, Lemon closed a Series A fundraising round for $16.3 million. Ci...
Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees – Bitcoin News
Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to ...
Bitcoin Could Crash by Nearly 40%! Bloomberg Strategist Lays Out The Timeline
The market valuation for all cryptocurrencies decreased by 24% to $770 billion between November 8 and 10. Asset values rose 16% as fear receded and forced future contract liquidations lessened. Moreov...
Marc Benioff led Salesforce Downsizes, Lays Off Hundreds Of Workers
Salesforce, Inc (NYSE: CRM) laid off hundreds of people this week, TechCrunch reports. Salesforce said it was less than a thousand and informed the people yesterday. The news comes on the heels of act...
Disney lays out key ‘levers’ to combat recession impact as theme parks weaken
Disney (DIS) laid out key levers it can pull to help battle a potential recession — as the media giant’s theme parks business showed signs of weakness in the fourth quarter. On the earnings call...
Blockchain Video Game Firm Mythical Games Lays Off 10% Of Workforce
Web3 game developer Mythical Games, which recently raised more than $270 million in venture capital has laid off its headcount by 10% as startups attempt to navigate a tough business environment and r...
Web3 Gaming Studio Mythical Games Lays Off 10% of Its Employees
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Advertisers Flee As Twitter Lays Off Nearly Half Of Its Workforce
Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images. SOPA Images/LightRocket via Getty Images The news that a reported 3,700 TwitterTWTR employees were let go via email, was...
Stripe lays off 14% of workforce to cut costs amid economic downturn
Payments processor Stripe laid off 14% of its workforce — over 1,100 employees, CEO Patrick Collison announced in an email on Nov. 3. Collison attributed the layoffs to two “mistakes” by the leadershi...
NFT Giant Dapper Labs Lays off 22% of Staff Citing Macroeconomic Environment
Web 3 companies are feeling the crunch of a bear market. The latest one to announce slashing its team size to cope with the deteriorating economic conditions is NFT powerhouse Dapper Labs. Citing the ...
Ethereum at the center of centralization debate as SEC lays claim
Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge. The Merge was slate...
Top 10 CryptoPunks wallet lays dormant, house sells on OpenSea and more
Dormant Punks Nonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to Twit...
Recession-proof Microsoft lays off nearly 1,000 employees across the company
Four years ago Microsoft dedicated a glowing portrait to KC Lemson in order to properly celebrate her contribution as the creator of its unofficial yet beloved Ninja Cat mascot. On Monday, the trailbl...
Financial Stability Board Lays Out G20 Crypto & Stablecoin Plans
Join Our Telegram channel to stay up to date on breaking news coverage The Financial Stability Board is an international body created by the G20, which has laid out its set of advice and suggestions f...
NYDIG Lays Off Around 110 Employees Amid Crypto Winter
Bitcoin News A number of big crypto firms have already announced layoffs this year. New leadership at NYDIG includes Tejas Shah as CEO. NYDIG announced in January that it had secured $1 billion at a v...
NYDIG Lays Off a Third of its Staff: Report
Despite raising hundreds of millions of dollars for its institutional bitcoin fund, NYDIG has let a third of its staff go The firm had raised $1 billion in October of last year with a valuation of $7 ...
Market maker GSR lays off staff following rapid expansion
Crypto market maker and liquidity provider GSR has laid off less than 10% of staff during the third quarter of this year. The reduction in headcount comes as part of structural changes to position th...