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...
Tag: staff
Amazon staff might get paid 50% less than what they were expecting because shares in the online giant have fallen so much
When the going’s good at Amazon, employees certainly get their cut. But when shares slump—and Amazon’s have fallen by around 35% in the past year—staff incomes can take a hit. According to a report fr...
Polygon Labs cuts staff by 20% in consolidation
Polygon Labs announced plans to reduce headcount by 20%, with about 100 staff affected. The firm noted it “consolidated multiple business units” under the Polygon Labs banner earlie...
Amazon orders staff back to the office
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo – PASCAL ROSSIGNOL/REUTERS Amazon has ordered all its...
Neiman Marcus Latest To Cut Staff As U.S. Retailers Shed Workforce
Neiman Marcus is the latest U.S. retailer to announce job cuts. (Photo by Robert Alexander/Getty … [+] Images) Getty Images When Neiman Marcus Group announced plans to lay off about 5% of its 10...
Musk Shuts Two of Three Twitter India Offices, Sends Staff Home
(Bloomberg) — Twitter Inc. has shut two of its three India offices and told its staff to work from home, underscoring Elon Musk’s mission to slash costs and get the struggling social media servi...
Magic Eden Cuts 15% of Staff, Takes ‘Hard Look’ at Restructuring
NFT marketplace Magic Eden said Monday it would axe roughly 15% of its staff as part of its company-wide restructuring efforts this year. Out of 144 employees, 22 will be let go, CEO and co-founder Ja...
Solana NFT Platform Magic Eden Dismisses 22 Staff Members
Magic Eden announces the dismissal of 22 staff members due to company-wide restructuring. The reduction in the workforce was part of the crypto economy’s continuing struggle with the harsh winter. The...
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 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...
News Corp. (NWS): Sales down 7.2%, Layoff 5% staff, Recuperation?
Company to lay off 5% staff or 1250 employees. The last earnings date was on February 9, 2023, and the street did not like it. News Corp., the media and information service company, was formed on Ju...
Affirm to lay off 19% of staff, stock tanks after earnings disappointment
Affirm Holdings Inc. announced plans to cut 19% of its staff Wednesday following an earnings report in which the buy-now-pay-later company came up shy with both its results and outlook. “The root caus...
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...
HKSFC to Hire 4 More Staff to Supervise Crypto
When it comes to monitoring the operations of the cryptocurrency business, the authorities in charge of regulation in Hong Kong are ramping up their game. According to a report that was submitted by t...
San Francisco 49ers Coaching Staff To Undergo Some Dramatic Changes
Expect an overhaul to the San Francisco 49ers’ coaching staff under Kyle Shanahan this offseason. … [+] (AP Photo/Stephen Brashear) Copyright 2020 The Associated Press. All rights reserved...
Bittrex, Chainalysis & Protocol Labs Decides to Layoff Staff Amid Ongoing Crypto Winter
The news surrounding mass layoffs is very common to hear amid ongoing crypto winter. Now comes the turn of crypto exchange Biitrex, blockchain data firm Chainalysis and open-source software laboratory...
Filecoin: Protocol Labs reduces staff by 21%: FIL gears up for price reversal
The company behind Filecoin will reduce its workforce by 21%. FIL may be due to a reversal as buying pressure weakens. In a press release published on 3 February, Protocol Labs, the company behind dec...
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...
Layoff Spree Continues: Why This Crypto-Oriented Firm Is Dismissing Some Staff Soon
Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell ...
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...
Protocol Labs trims 21% of staff in latest round of crypto job cuts
Protocol Labs is the latest digital asset company to lay off staff, cutting 21% of its workforce to lower costs amid a challenging environment. “As you know, this has been an extremely cha...
Ledger CEO’s chief of staff departs to work on NFT digital art project
Jean-Michel Pailhon, the chief of staff to Ledger CEO Pascal Gauthier, has left the hardware wallet developer to launch his own NFT art project. The project aims to make digital art NFTs more a...
Crypto companies cut staff in latest rounds of layoffs
Crypto companies laid off at least 3,000 employees in January, citing market conditions and the post-FTX regulatory landscape. Let’s review which businesses announced the cuts. Last year, companies cu...
Crypto tax firm CoinTracker cuts 20% of staff a year after $100M round
Cryptocurrency tax company CoinTracker has laid off 19 employees representing approximately 20% of its workforce. This is according to an internal email reviewed by Protos and confirmed by a statement...
Reynaldo Lopez An Unexpected Key For Thin White Sox Pitching Staff
ST PETERSBURG, FLORIDA – AUGUST 22: Reynaldo Lopez #40 of the Chicago White Sox delivers a pitch to … [+] the Tampa Bay Rays in the first inning at Tropicana Field on August 22, 2021 in St...
BlockFi Gets Approval to Pay Staff $10M Bonus
New Jersey bankruptcy court Judge Michael Kaplan approved crypto lender’s BlockFi motion to pay its staff up to $10 million in a “retention program,” according to a Jan. 27 filing. Court filing showed...
BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy
Bankrupt crypto lending firm BlockFi has been granted court permission to pay nearly $10 million in staff bonuses, according to a filing dated Jan. 27. The filing does not use the word “bonus” itself....
Hoskinson Indirectly Calls CoinDesk Staff “High School” Kids, Dogecoin Co-Founder Reacts
Cardano founder slams CoinDesk staff. Prominent cryptocurrency entrepreneur Charles Hoskinson has reacted to a trending video of CoinDesk staff making jest of Cardano following its recent network outa...
Singapore-based Matrixport Announces 10% Layoff Affecting 300 Staff
9 hours ago | 2 mins read Defi News Entrepreneur Jihan Wu, a billionaire created the firm in 2019. A monthly trading volume of $5 billion and $10 million in assets under management. Major firms in the...