SuperRare is not the only company in the industry reducing its staff. In 2022, a number of industry players cut their workforce due to crypto winter conditions. As of January 5, 2023, as many as 26,96...
Tag: staff
Genesis Global Dismisses Additional 30% of Staff
Genesis conducted the latest staff cut after the company informed clients about “reducing costs and driving efficiencies” amid challenging times for many crypto firms. With fingers crossed on what the...
SuperRare cuts 30% of staff as growth slows during crypto winter
Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained that the firm mistakenly over-hired during the last bull market. In a Jan. 7 tweet, Crai...
Musk Cuts More Staff In Charge Of Misinformation As Laid Off Employees Criticize Severance Packages
Topline Twitter reportedly cut more than a dozen foreign employees—including members of the platform’s department in charge of misinformation policy—in its latest round of job cuts as CEO Elon Musk co...
NFT Marketplace SuperRare Cuts 30% of Staff: ‘We Over-Hired’
SuperRare Labs, the company behind NFT marketplace SuperRare, became the latest crypto player to make job cuts on Friday, announcing it will reduce its staff by 30%. The news came from SuperRare CEO ...
Digital Asset Exchange Giant Huobi Plans To Lay Off 20% of Its Staff Amid Ongoing Crypto Winter: Report
The Seychelles-based crypto exchange giant Huobi is reportedly planning to lay off 20% of its staff as the ongoing bear market continues to thrash companies across the industry. Reuters reports that H...
NFT Marketplace SuperRare Downsizes 30% of Staff Due to Extended Crypto Winter
– Advertisement – SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter. CEO John Crain stated that the company overhired duri...
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...
Silvergate Stock Plummets 45% on Major Staff Cuts, Massive Withdrawals
In a preliminary fourth quarter earnings report, crypto bank Silvergate revealed it weathered a run that saw customers pull more than $8 billion from accounts. The bank was forced to sell assets at a ...
Crypto Exchange Huobi to Lay off 20% of Staff: Report
Crypto exchange Huobi is set to lay off 20% of its staff, per sources reported by Reuters. Justin Sun, a prominent crypto entrepreneur who joined the company as an advisor in October 2022, had denied ...
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 Cuts Staff by 30% as Financial Woes From FTX Fallout Persist
Genesis Trading today announced massive cuts to its workforce in an effort to reduce costs at the ailing institutional crypto firm. The company did not provide precise numbers, but sources close to t...
SuperRare cuts 30% of staff, citing bear market
NFT platform SuperRare will reduce staff by nearly 30%, said CEO John Crain in a message he posted on Twitter. Although the company grew “in tandem with the market” during the last bull run, acc...
Huobi Plans Staff Layoffs, Rumors of Insolvency Hang in the…
Cryptocurrency exchange Huobi is planning to lay off 20% of its staff amid the crypto market downturn and the fallout from collapsed crypto exchange FTX. In the latest round of all-over cost-cutting a...
Huobi and Gate.io to Layoff Over 20% of Staff
The crypto layoffs continue in 2023, with exchanges like Huobi and Gate.io reportedly laying off their staff. Crypto layoffs were rampant in 2022, fueled by events such as the Terra LUNA and FTX colla...
Fate Therapeutics Ends Collaboration Deal With Janssen, Cuts Staff
Fate Therapeutics Inc (NASDAQ: FATE) has decided to terminate the collaboration and option agreement with Janssen Biotech Inc, a Johnson & Johnson unit (NYSE: JNJ), on revised terms and conditions...
Justin Sun Confirms Huobi Staff Layoffs As Insolvency Rumors Swell
TRON founder Justin Sun, rumored to be the shadow owner of Huobi Global, has confirmed that the crypto exchange was laying off a significant amount of its workforce. This comes amid several rumors cir...
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...
Justin Sun confirms 20% staff cuts at Huobi amid insolvency rumors
In a text message to Reuters, Huobi’s advisor Justin Sun confirmed that the crypto exchange plans to dismiss 20% of its employees this quarter. “The planned layoff ratio is about 20%, but it is not im...
Crypto Lender Genesis Reduces Staff As It Ponders On Bankruptcy Filing
A lot of ups and downs going on in the crypto industry have pushed some, if not most, companies to the edge of insolvency. Following its request for emergency bailout funding, popular crypto lender Ge...
Crypto exchange Huobi says it will cut staff by 20%
After days of rumors surrounding layoffs at Huobi, the Singapore-based crypto exchange confirmed it would cut about 20% of its overall staff. “The planned layoff ratio is about 20%, but it is no...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals. According to a re...
Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ
According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a bankruptcy filing and has let around 30% of its staff go. The layoffs were across several departm...
Crypto Broker Genesis Cuts 30% Of Staff, Reportedly Mulls Bankruptcy
Topline Yet another major cryptocurrency player is in serious danger of going under, as sources told the Wall Street Journal the embattled lender Genesis is weighing filing for bankruptcy, while the f...
Genesis cuts 30% of staff in latest round of layoffs
Genesis Trading begun a new round round of layoffs, reducing its workforce by 30%, a source familiar with the matter told The Block. “As we continue to navigate unprecedented industry cha...
Silvergate Capital bank forced to sell assets at loss, fires 40% of staff
Silvergate Capital was forced to sell assets at a loss in order to cover an $8.1 billion bank run. In response to the crisis, Silvergate laid off approximately 200 employees — 40% of its staff — and a...
Huobi Global Reportedly Pressurizing Staff For Salary in Crypto
8 hours ago | 2 mins read Exchange News Workers are angry about this decision and have started protesting the company. Reports surfaced late last month claiming that Huobi was planning a huge layoff. ...
Micron To Lay Off 10% Of Staff Due To Low Demand For Chips
| Getty Images Key Takeaways Micron missed estimates for its first quarter of 2023 due to weak chip demand. The chip manufacturer also announced weaker guidance for the second quarter. Micron is one o...
Ford Strategy Reflects Increasing Insights From Its Staff Of Futurists
The Ford Motor logo. Getty Images Sheryl Connelly has been reading consumer tea leaves in her role as chief futurist for nearly 20 years for Ford. Lately she’s been joined by Jennifer Brace, global tr...
Huobi Reportedly To Lay Off Staff Amid Prolonged Bear Market
32 seconds ago | 2 mins read Exchange News Reportedly, the business plans to lay off between 600 and 800 workers. Furthermore, the exchange will no longer provide annual incentives. According to Chine...