Former PayPal executive, tech investor and entrepreneur David Sacks says another bank run is already underway at a second regional bank following the abrupt collapse of Silicon Valley Bank. In a new i...
Tag: sacks
Crypto Gaming Company Immutable Sacks 11% Of Its Staff
Immutable, Australia’s largest crypto gaming startup known for the NFT trading card game Gods Unchained, has disclosed that it will let go 11% of its total workforce, despite having already announced ...
Polygon sacks 20% of staff, says it remains financially healthy
Ethereum (ETH) layer 2 protocol Polygon (MATIC) revealed it has laid off about 20% of its staff, according to a Feb. 21 statement. Polygon added that the job cut affected about 100 positions in the fi...
Magic Eden Sacks 22 Employees As Company Restructures – Here’s Why
Many crypto firms are now restructuring to improve results after the 2022 crypto winter. For instance, Magic Eden and Coinbase laid off staff to cushion the effects of the crypto winter. Other firms t...
Genesis sacks 30% of workers, may file for Chapter 11 bankruptcy
Beleaguered crypto lender Genesis has sacked 30% of its workers and may file for bankruptcy, The Wall Street Journal reported Jan. 5, citing people familiar with the matter. Genesis previously laid of...
Argentine Crypto Exchange Lemon Cash Sacks 100 Staff As Bear Market Bites
Lemon Cash, a crypto exchange with operations in Argentina and Brazil, has rendered 38% of its workforce jobless, on Friday. One hundred employees were laid off as a result of the adverse industry env...
Kansas City Chiefs Ironman L’Jarius Sneed Leads NFL Defensive Backs In Sacks
Kansas City Chiefs cornerback L’Jarius Sneed prepares to sack Tampa Bay Buccaneers quarterback Tom … [+] Brady on Oct. 2, 2022. (Photo by Andrew Bershaw/Icon Sportswire via Getty Images) I...
Matthew Judon Sacks The New England Patriots’ Franchise Record Through Five Games
Sunday at Gillette Stadium, New England Patriots outside linebacker Matthew Judon became the first … [+] player in franchise history to begin a season with at least one sack in five consecutive ...
Crypto New Casualty – Hodlnaut Sacks 80% Of Personnel Due To Liquidity Distress
Troubled Crypto lender Hodlnaut has laid off 80% of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. On Friday, Hodlnaut, which offers cryptoc...
Immutable Games, Dubbed ‘Aussie Crypto Star,’ Sacks Over 20 Employees
Faced with a decline in cryptocurrency values, Immutable Games Studio is currently downsizing and terminating the job contracts of multiple employees, including one of its senior game designers. Just ...
Crypto winter touches OpenSea, sacks 20% of staff
Leading non-fungible token marketplace OpenSea CEO Devin Finzer has revealed that the crypto firm laid off about 20% of its staff on July 14. Today is a hard day for OpenSea, as we’re letting go of ~2...
GameStop Sacks CFO, Lays Off Multiple Employees in A Fresh Turnaround Plan
GameStop, the largest video game retailer worldwide based in Texas, US, has sacked its Chief Financial Officer, Mike Recupero, and laid off several employees across departments. The layoffs, which wer...
Bitpanda Sacks A Third Of Staff As Crypto Trading Platform Scales Down
Bitpanda, an Austria-headquartered cryptocurrency trading platform, revealed in a blog post on Saturday that it is reducing its employees to maintain sustainability. As crypto winter starts, Web3 comp...
P&O Ferries sacks 800 staff and suspends sailing, says not sustainable
Three P&O Ferries, Spirit of Britain, Pride of Canterbury and Pride of Kent moor up in the cruise terminal at the Port of Dover in Kent as the company has suspended sailings ahead of a “majo...