The chief executive of Crypto.com is announcing a cut to the firm’s global workforce as the digital asset markets attempt to mount a recovery. In a new company blog post, Crypto.com co-founder and CEO...
Tag: workforce
Blockchain.com Slashes Workforce Crypto Industry Downturn
The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year. To better balance product offerings with demand, we’ve made the difficult decision to ...
Crypto.com to slash workforce by 20%
Crypto exchange platform Crypto.com has moved to lay off about 20% of its global workforce. Crypto.com CEO Kris Marszalek said in a Jan. 13 post that the exchange made the difficult decision to slash ...
Stitch Fix To Replace CEO And Cut 20% Of Workforce
| © 2016 Bloomberg Finance LP Key Takeaways After peaking at roughly $96 per share in January of 2021, Stitch Fix is struggling. The share price has plummeted to around $4. Stitch Fix is the most rece...
Singapore’s Crypto.com to Layoff 20% Of Its Global Workforce
Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the lates...
No Respite From Layoffs: Crypto.com Cuts 20% Workforce
Crypto.com has been hit by yet another wave of layoffs. The co-founder and CEO of the crypto exchange, Kris Marszalek announced the decision to reduce the headcount by 20% citing ongoing economic head...
Crypto.com cuts 20% of workforce amid sector-wide layoffs
Crypto.com, the Singapore-based crypto wallet and payments firm, is laying off 20% of its global workforce. The company announced the news in a blog post published today. Kris Marszalek, the fi...
Coinbase to cut another 20% of its workforce in second wave of layoffs
Major cryptocurrency exchange Coinbase is starting 2023 with more layoffs, letting go of another 20% of its employees in a second major wave of layoffs. Coinbase CEO Brian Armstrong officially announc...
Coinbase to lay off another 20% of its workforce
Coinbase Global Inc (NASDAQ: COIN) has announced it will cut jobs again as it bids to minimise costs after a brutal crypto winter. Brian Armstrong, the co-founder and CEO of Coinbase, said in a blog a...
Despite Warning Signs, 95% Of Manufacturing Executives Say They’re Optimistic, According To A New Poll By Forbes, Xometry And Zogby
Despite nagging fears of a recession, manufacturing execs are optimistic about the future, with a majority planning to increase hiring and spend on technology. IT’s been a tough year for manufacturers...
OpenSea Competitor SuperRare Let Go off 30% of its Workforce
One of the leading NFT marketplaces is going for job cuts. The company is among the top competitors of OpenSea. Experts think that downturn in the sector may persist for longer. Another addition to th...
Why NFT Marketplace SuperRare Is Sacking 30% Of Workforce
NFT startup SuperRare has started to take drastic measures in order stay in business in the face of an extended crypto winter, giving the pink slip to some members of its workforce. According to the c...
Another Year, Another Layoff—SupreRare Sacking off 30% Workforce
The world is moving slowly towards recession? Is an economic slowdown down the road? No one spared thought for the issues until some news came and trembled. One such crucial factor is layoffs—ending u...
Genesis cuts 30% Workforce in second Round Layoff: Industry under Pressure
Team Genesis was 260 members strong and laid off 20% in round I. The second round saw a 30% cut in round II, bringing the team to 145. Silvergate Capital laid off nearly 40% of its workforce. The on...
Genesis Lays Off 30% Of Workforce
The crypto lending platform Genesis is considering filing for bankruptcy and has laid off around 30% of its staff. Genesis On The Verge Of Bankruptcy? Less than six months after its first round of la...
Crypto exchange Huobi to lay off 20% of workforce
The Huobi crypto exchange logo displayed on a smartphone. Nikolas Kokovlis | Nurphoto via Getty Images Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount...
Genesis Trading lays off 30% of its Workforce As Bankruptcy Looms
Genesis Trading, a troubled crypto lending company, has laid off 60 more employees, or 30% of its workforce, according to sources. This marks the company’s second round of layoffs, after previously cu...
Crypto-Focused Bank Silvergate Slashes 40% Workforce, Abandons Several Projects
The FTX collapse has accelerated lay-offs as the sector struggles to weather the incessant turmoil. Crypto-focused bank – Silvergate Capital – has become the latest to slash 40% of its workforce, whic...
Stitch Fix CEO steps down, 20% of salaried workforce to be cut
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix founder Katrina Lake on Thursday told employees the company will be cutting 20% of its salaried workforce and she will reassume her post ...
Silvergate shares plunge as company cuts workforce amid ‘transformational shift’
Shares in crypto-friendly bank Silvergate plunged in early morning trading after the firm released preliminary fourth-quarter results and said it cut 40% of its staff amid a “crisis of confidenc...
Why Talent Tops All In Manufacturers’ Year Ahead
The workforce of tomorrow will look, learn and work differently, forcing organizations to reimagine … [+] their talent strategies to meet employees’ evolving expectations around everything from ...
Micron to Cut 10% of Workforce as Demand for Computer Chips Slumps
(Bloomberg) — Micron Technology Inc., the largest US maker of memory chips, said the worst industry glut in more than a decade will make it difficult to return to profitability in 2023. Most Rea...
Otonomy Adopts Dissolution & Liquidation Plans, Implements Workforce Reduction
Otonomy Inc’s (NASDAQ: OTIC) board of directors has approved and adopted a Plan of Liquidation and Dissolution that would include the distribution of remaining cash to stockholders following an ...
Crypto Lender Amber Slashes 60% of Workforce
Amid the continuing fallout from the collapse of FTX, one of Asia’s biggest crypto lenders, Amber Group, is taking radical cost-cutting measures. According to a report by Bloomberg, the Singapore-base...
Here’s what resolves the big mystery on why older Americans have left the workforce
One of the many challenges facing the Federal Reserve is that the labor force participation rate is still lower than it was before the pandemic. The fewer workers in the jobs market, the more wages wi...
Crypto Firm Amber Group Downsizes Workforce, Ends Chelsea Sponsorship
Leading digital asset company Amber Group is downsizing its workforce by 40%, ceasing its retail operations, and ending its sponsorship deal with English football club Chelsea FC amid extreme market c...
BuzzFeed to cut 12% of its workforce
The BuzzFeed website on a smartphone arranged in Hastings-on-Hudson, New York, on Monday, Dec. 6, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images BuzzFeed on Tuesday announced plans to cut its w...
Bank of America CEO Brian Moynihan on how he plans to trim its workforce
Brian Moynihan, chief executive officer of Bank of America Corp., speaks during a Bloomberg Television interview at the Goldman Sachs Financial Services Conference in New York, on Tuesday, Dec. 6, 202...
Crypto Exchange Bybit To Let Go of 30% of Workforce As Bear Market Drags On: Report
Dubai-based crypto exchange Bybit is kicking off a round of layoffs equalling more than a quarter of their total workforce amid the current market woes. Bybit co-founder and CEO Ben Zhao announced the...
Bybit is Cutting its Workforce by 30% to Reorganize Business
Bybit, a Dubai-based crypto derivatives exchange, seems like it is following the footsteps of leading U.S. firms like Kraken, Lemon Cash, Coinbase, Amazon, Meta, and Twitter. Reportedly the crypto exc...
Bybit To Cut Workforce Amidst Fears Bear Market Is Here…
Bybit has announced that it will be laying off nearly 30% of its global workforce, becoming the latest cryptocurrency exchange to do so. The move comes as fears grow that the bear market is here to s...