Australian Crypto Gaming Firm Immutable Cuts Staff By 11%: Report
Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald on Wednesday. Source
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Cuts
Polygon Labs Cuts 20% Workforce, Almost 100 Jobs
The firm said that the job cuts are part of its consolidation earlier this year. Original Source
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Crypto Miner Hive Blockchain's Posts Q3 Loss as Ethereum Merge Cuts Revenue, Mining Margin
The Canadian miner is launching its high-performance computing cloud business, which is 25 more profitable than mining. Source
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Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions – Metaverse Bitcoin News
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut
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JPMorgan Cuts Coinbase Price Target Due to Regulatory Risks
Analysts at J.P. Morgan cut their price target for Coinbase (COIN) stock from $60 to $52 for the year ending in December, a report from the bank on Friday showed. Source
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‘We’ve retained virtually all of our capabilities’ after job cuts
Blockchain software developer ConsenSys retains the ability to achieve its goals after recent layoffs, CEO Joe Lubin claimed in a Feb. 7 interview with Cryptox, stating that “we’ve retained virtually all of our capabilities.”According to Lubin, the cuts were implemented “mostly because of potential headwinds and potential uncertainty” and partly
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Filecoin Creator Protocol Labs Cuts 21% of Staff
Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post on Friday. Source
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Jihan Wu's Matrixport Cuts 10% of Staff
At press time, Matrixport had more than 290 employees serving customers in 40 countries. Source
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Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue
FTX’s FTT token was up 8% for the day. Equities closed up. Source
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Tech Companies Announce Fresh Job Cuts in 2023
Tech jobs cut include Amazon dismissing 11,000 employees, Twitter lowering headcounts by 3,700, and others. After a series of job cuts across the tech industry last year, more companies are planning to further reduce their headcounts in 2023. This is coming after the tech space saw a surge
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