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A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any employees.According to the exchange, the decision is not a downsizing
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The firm will "focus on talent densite" ahead of the next bull market, a spokersperson told CoinDesk. Original Source
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Goldman Sachs is not the only company to participate in the latest round of Wall Street layoffs. Such banking giants as Morgan Stanley and JPMorgan Chase are also reducing their headcount. Banking giant Goldman Sachs Group Inc (NYSE: GS) is reportedly planning to run a new round of layoffs. According to those
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Facebook parent Meta has embarked on another round of layoffs that could affect thousands more amid the company’s ‘Year of Efficiency.’ Meta Platforms (NASDAQ: META) is conducting yet another round of layoffs for the third time in less than three months. The Facebook parent has already cut more than 20,000 jobs
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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved
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Meta Platforms have been spending billions of dollars to get its metaverse initiative on a very good footing, and this year marks one of the critical periods that will redefine the direction of the entire pursuits. American multinational tech giant Meta Platforms Inc (NASDAQ: META) is set to implement a new
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Larry Cermak, vice president of research at The Block, has announced that he will be taking the reins at the crypto and blockchain news website from interim chief executive officer Bobby Moran — the second change in leadership since reports surfaced that former CEO Mike McCaffrey financed the platform through
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A recurring pattern of recent employee layoffs among tech giants reveals these companies are hedging against economic uncertainties. Despite the current economic conditions, a number of tech giants are still likely to embark on company layoffs even though they are turning profits. These layoffs have been ascribed to a slowdown in
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Accenture said that amid the overall inflationary environment and rising interest rates, there’s a drop in the levels of business confidence among its clients. On Thursday, March 23, tech consulting giant Accenture (NYSE: ACN) announced that it is planning to cut 2.5% of its workforce, or 19,000 jobs worldwide. The
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Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most prominent investment, even over
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