Genesis, a major institutional digital asset market and a full-service digital currency prime brokerage based in New York, on Wednesday announced several leadership changes amid the company’s efforts ...
Tag: workforce
Crypto Broker Genesis Slashes 20% of Workforce as CEO Steps Down
Crypto brokerage company Genesis has slashed 20% of its workforce as its CEO Michael Moro steps down from his role at the firm, Bloomberg reported Wednesday. The broker believes the decision will help...
Genesis CEO to Exit Position as Company Axes 20% of its Workforce: Report
The CEO of institutional crypto brokerage firm Genesis Global Trading, Michael Moro, will step down from his leadership position while the company is planning to cut off 20% of its workforce. Accordin...
Genesis CEO steps down as crypto broker slashes workforce
Genesis CEO Michael Moro has stepped down, with Chief Operating Officer Derar Islim elevated to interim Chief Executive Officer, the New York-based crypto broker announced on Wednesday. The company sa...
Blockchain Industry Workforce Grows 80% This Year, Study Shows
Blockchain technology is one of the trendiest developments in business, finance, and numerous other industries. Following the surge in popularity of cryptocurrencies, their entry to the public has pro...
Core Scientific Records $862m Loss in Q2, follows by 10 % Workforce Laid off
Core Scientific, a large publicly traded cryptocurrency mining company in North America, announced its second quarter 2022 update and said it was laying off 10% of its workforce as it reported an $862...
Beyond Meat Plans to Lay Off 4% of Global Workforce
Beyond Meat is cutting 4% of its global workforce, saying the layoffs are part of its plan to reduce costs as inflation prompts consumers to buy less-expensive protein. The California-based company, w...
Revolut to increase crypto workforce by 20% as neobank remains bullish on digital assets
In response to the rapidly expanding cryptocurrency sector, some major financial players are investing a lot of effort to adapt their business to the new asset class, including the challenger bank Rev...
Robinhood lays off nearly a quarter of its workforce amid crypto winter
Commission-free stock, options, and cryptocurrency trading platform Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market. Company CEO blames woes on rising...
Robinhood Slashes Workforce by 23% as Markets Head South
After rapidly scaling operations, Robinhood is now aggressively cutting costs and laying off employees in the light of the market downturn. Robinhood’s CEO, Vlad Tenev, announced that the company will...
Robinhood to Layoff 23% of its Workforce Following Q2 Loss
Three months ago, Robinhood laid off 9% of its full-time employees. 713 workers would be impacted by a 23 percent drop in employment. Retail investing giant Robinhood has had a wild year. The fintech ...
Robinhood set to dismiss 23% of its workforce
Robinhood has announced that it will have to let go almost a quarter of its workers in the coming weeks due to a downturn in fortune. According to the official announcement by the platform, the compan...
Robinhood cuts a further 23% of its workforce citing “Broad Crypto Market Crash”
Robinhood Markets Inc. (NASDAQ: HOOD), on Tuesday, announced that it will have to lay off a further 23% of its workforce after laying off 9% at the beginning of this year. The online brokerage firm bl...
Robinhood to Reduce its Workforce by 23%, Citing Broad Crypto Market Crash
The Co-Founder and CEO of Robinhood – Vlad Tenev – said the company will lay off approximately 23% of its staff due to the adverse ongoing macroeconomic conditions, including the record inflation in t...
Amid 200 Million USD Funding Immutable Lays Off 6% of its WorkForce
Immutable lays off 6% of its employees The firm is reengineering for the coming era James Ferguson committed to achieve headcount of 360 in five months CryptoWinters Sets Target on Immutable The torn...
F45 Training Shares Plunge On FY22 Guidance Cut, CEO Transition, Workforce Reduction
Motley Fool Is Nikola Stock a Buy Now? Nikola (NASDAQ: NKLA) has taken investors on a wild ride over the past two years. The electric truck maker went public by merging with a special purpose acquisit...
Blockchain.com Cuts Workforce By 25%
The macroeconomic downturn has led to a growing number of layoffs across the cryptocurrency industry. Following Coinbase, BlockFi, and Crypto.com, crypto firm Blockchain.com was the latest name to joi...
Crypto Exchange Blockchain.com is Reducing Its Workforce by 25%
Blockchain.com has become the latest crypto company to announce mass layoffs. Earlier today, the exchange said it was cutting its workforce by 25%, or about 150 people. The whole Argentina arm of the ...
Blockchain.com Dismisses 25% of Workforce as It Absorbs Financial Losses and Survives Bear Market
Apart from cutting its workforce, Blockchain.com is also lowering its institutional lending operations. Many investors, traders, and companies are victims of the ongoing crypto bear market, and Blockc...
Blockchain.com Slashes 25% Workforce amid Crypto Meltdown
Massive layoffs continue engulfing the crypto market. Blockchain.com took the latest actions by reducing its workforce by 25%. Citing harsh bearish conditions, the crypto exchange laid off approximate...
Blockchain.com to Slash Workforce by a Quarter, Sources Claim
Crypto exchange Blockchain.com will cut its workforce by 25%, according to multiple sources. The cryptocurrency exchange had rapidly expanded during the bull market, taking on 450 staff in the last 16...
Blockchain.com Renders A Quarter Of Its Workforce Jobless As Bear Market Bites
Blockchain.com has announced on Thursday that it was slashing a quarter of its global workforce, multiple sources disclosed. The Luxembourg-based cryptocurrency exchange had swiftly grown during the b...
Blockchain.com Slashes 25% of Workforce, Cuts Exec Compensation
CEO Peter Smith told Blockworks last month that many crypto firms spent unsustainably Smith and other executives will take compensation cuts Blockchain.com is laying off 25% of its workforce to help c...
Prominent Exchange Gemini Reportedly Laid Off 7% of its Workforce
11 hours ago | 2 mins read Exchange News The corporation is taking these steps due to “extreme cost-cutting” initiatives. The firm announced its first round of layoffs less than two months ago. Gemini...
Gemini Exchange Cuts Workforce for Second Time in 2 Months: Report
Co-founder Cameron Winklevoss reportedly slammed public sharing of internal communication The company laid off 10% of its staff in early-June Gemini is shrinking its workforce once again, less than tw...
Some older workers are being welcomed back to the workforce
Tad Greener’s career and expertise was mostly related to electric and natural gas utilities. Toward the end of 2019 he unexpectedly found himself subject to a “reduction in workplace” at the universit...
NFT Marketplace OpenSea Layoffs 20% Of Its Workforce
Co-Founder and CEO at popular non-fungible token (NFT) marketplace OpenSea, Devin Finzer, announced a reduction in the company’s workforce. The platform will let go of 20% of its staff to adjust to th...
Microsoft lays off a portion of its workforce as part of a ‘realignment’
Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty. Bloomberg reports that the Redmond firm is “realigning business groups and roles&...
Celsius Network Slashes 25% of its Workforce amid Potential Insolvency
Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel, according to media outlet CTech. The American-...
Crypto Winter Makes Celsius To Cut Its Workforce By 25%
Current downtrends in crypto prices have forced many digital asset service providers to reduce their staff to survive in a time when low trading volumes have reduced revenue. Despite the market curren...