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Luno will be discarding 330 people out of about 960 employees.The prolonged crypto winter that has been taking a hit on all and sundry has now impacted DCG-owned crypto exchange Luno as it plans to lay off some employees. Many crypto companies have been dismissing their workers amid the bearish
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Following its October headcount reduction, Swedish streaming giant Spotify looks to another layoff round to remain profitable.According to reports, music streaming giant Spotify (NYSE: SPOT) is planning a staff layoff this week. The latest Spotify layoff comes amid the sustained economic slowdown and follows last October’s headcount reduction. At a 2022 investors’
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The layoff will affect every aspect of its business operation and teams from corporate services, recruitment, and engineering are affected.American multinational technology company Alphabet Inc (NASDAQ: GOOGL) may be crumbling under the weight of its own staff size and is considering a 12,000 workers layoff. As reported by Reuters, citing
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Despite a wave of heavy crypto layoffs to start the new year, employees in technical and engineering roles, as well as senior management, will likely continue to see “strong demand” for their skills, recruitment professionals believe.It’s been a tough first few weeks of 2023 for crypto businesses and their staff. Within
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Speculation on Twitter that crypto exchange Huobi has laid off staff and shuttered internal communications have prompted the community to advise users to withdraw funds, despite an advisor to the exchange denying the rumors. In a Jan. 5 tweet, Huobi advisor Justin Sun addressed rumors of purported insolvency saying the
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Crypto bank Silvergate had to undertake a 200-employee layoff and take other drastic measures to facilitate a withdrawal bank run. During the FTX-triggered crypto meltdown, Silvergate Bank scrambled to cover a massive withdrawal spate and also embarked on a substantial staff layoff. According to the Wall Street Journal, the crypto-focused bank offloaded assets at a
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Recently, layoff decisions has somewhat become a trend among global firms.Online retail giant Amazon has announced its decision to cut down its number of employees due to the global economic situation. The announcement, which comes as a follow-up to a previous one, confirms that the layoffs will affect no less
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In the email that confirmed the latest headcount reduction, the CEO wrote that it was difficult for the company to reach the decision.Israel-based digital entertainment company Playtika is the latest company to receive the hit of the global economic meltdown as it plans a 15% layoff of its entire workforce.
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“We are continuing to do everything to increase the productivity and motivation of our employees,” CEO Johnny Lyu said. Original Source
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