Join Our Telegram channel to stay up to date on breaking news coverage Joining the long list of companies undergoing a workforce reduction, Bybit recently announced that they’ll be cutting off a massi...
Tag: staff
Bybit Exchange To Lay Off 30% Staff Amid Sluggish Conditions
9 seconds ago | 2 mins read Exchange News Bybit co-founder and CEO Ben Zhou recently unveiled a restructuring plan. Zhou stated his intention to facilitate a painless separation from the company. Cryp...
Kraken Fires 30% of Its Staff 3 Weeks Before Christmas- Where Will The FTX Aftermath End?
Join Our Telegram channel to stay up to date on breaking news coverage Dash 2 Trade – High Potential Presale Active Presale Live Now – dash2trade.com Native Token of Crypto Signals Ecosyst...
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...
Kraken cuts 30% of staff to ‘weather crypto winter’
Kraken’s the latest crypto firm to announce mass layoffs. “We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market condi...
Gary Vee-Backed NFT Startup Candy Digital Cuts Staff in Mass Layoffs
In brief Sports NFT startup Candy Digital completed layoffs today, a source confirmed to Decrypt. The company surged to a $1.5 billion valuation just months after it was founded in 2021, but the wider...
Upbit Extends Crypto Trading Ban to Family Members of Staff
Exchange News Dunamu felt it had a responsibility to its community, therefore it decided the restriction. Only the top 12 cryptocurrencies, as measured by market cap, may be traded. Dunamu, the South ...
Bitso cuts more staff in fresh round of layoffs
Mexico-based crypto exchange Bitso has let go of an unspecified number of workers in a fresh round of layoffs, about six months after cutting about 80 employees. “Bitso made the difficult ...
All Korean Crypto Exchanges To Ban Staff, Families From Trading?
According to reports from the crypto industry, Dunamu — the South Korean company that runs the Upbit exchange, has been prohibiting family members of its executives and employees from trading cryptocu...
NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff – Bitcoin News
With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. A...
Now South Korea Exchange Bans Relatives of Staff Trading Crypto
Dunamu, the South Korean company that runs Upbit exchange, has extended trading prohibitions to the relatives of its executives and employees. Local media reported on Tuesday that the step comes in an...
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...
China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
China’s COVID-19 protests cemented as NFTs Nonfungible tokens (NFTs) depicting the ongoing protests in China against the country’s tough zero-tolerance COVID-19 policy have found their way to the NFT ...
Apple to Produce 6M Fewer iPhone Pros Following Prevalent Staff Unrest in China
According to reports, Apple will lose 6 million iPhone Pros in production as a result of Covid-related turmoil in China. Apple (NASDAQ: AAPL) stands to suffer a production shortfall of 6 million iPhon...
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...
Sam Bankman-Fried Writes to His Staff – What Did He Have to Say?
Join Our Telegram channel to stay up to date on breaking news coverage The former CEO of the failed cryptocurrency exchange FTX, Sam Bankman-Fried, has written a letter to the exchange’s employees apo...
Lemon Cash Lets Go of 38% of Staff to Survive Crypto Winter
Lemon Cash had to lay off around 100 employees, which consists of 38% of the company’s staff, to survive crypto winter. The market is witnessing a full-fledged bear market in crypto, and the global ma...
How a Disney senior staff rebellion put the final nail in Bob Chapek’s CEO coffin
Almost immediately after [hotlink]Disney[/hotlink] renewed the contract of embattled CEO Bob Chapek in June, a mutiny began. According to corresponding reports by both the Wall Street Journal and Fina...
Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management
Unchained Capital reduced its workforce by about 15% and moved its head of business development Parker Lewis to the board of directors as well as chief product officer Will Cole to a senior advisory r...
Twitter’s Crypto Engineering Lead Resigns as Staff Numbers Dwindle
Twitter’s Crypto Lead Tess Rinearson has left the company, tweeting a salute and blue heart emoji late Thursday evening to symbolize her departure. Rinearson, whose Twitter profile is now private, is ...
inDifficult Days for Twitter’s Staff Amid Elon Musk’s Vision
Elon Musk cut massive staff and took major decisions. Another player Mastodon comes into the picture. If the problems are not, the company can go bankrupt. Owner’s Ambitious Plan More than a couple of...
The ‘Amazon of Africa’ is reducing staff and cutting premature products in its new era
African e-commerce company Jumia reported $50.5 million in revenue for this year’s third quarter with declining operating losses (33%) and increasing gross profit (29%) compared to last year, while ac...
Musk Tells Twitter Staff in Email to Accept ‘Hardcore’ Culture or Leave
(Bloomberg) — Elon Musk sent an email to Twitter Inc. employees requiring them to pledge to stay with the company, working long hours at “high intensity” during its transformation, or to accept ...
Elon Musk Issues Hardline Ultimatum to Twitter Staff
Billionaire entrepreneur Elon Musk has been shaking the birds out of the tree at Twitter. His latest move has been seen as a veiled threat to company employees. On Nov. 16, new Twitter boss Elon Musk ...
Elon Musk Tells Twitter Staff ‘Bankruptcy Not Out Of The Question’ – Will DOGE Be Affected?
Bankruptcy and layoffs have been the latest trend for crypto and tech companies and Twitter has not been left out. After being acquired by Tesla CEO Elon Musk for $44 billion there had been some promp...
Valkyrie Shrinks Staff to 16 People After Latest Cuts
Valkyrie Investments has laid off 30% of its staff in recent months and has closed a fund as the crypto ETF issuer tries to stay agile amid tough market conditions. The cuts amount to six people in t...
Crypto Layoffs Represent Just 4% of All Tech Staff Cuts in 2022
There has been a lot of news about crypto layoffs during this bear market. However, they represent a very small percentage of staff cuts in the wider tech sector. In a report released on Nov. 14, Coin...