Cryptocurrency Analysis and News Portal
Meta is reportedly working towards additional layoffs that could impact another set of thousands of employees. This comes after the technology company laid off 13% of its workers in November 2022 as part of its cost-cutting efforts. On November 9, CEO Mark Zuckerberg said in a letter shared with Meta Platfroms’
Read More
Cryptocurrency exchange Binance has confirmed it is “not planning any layoffs” and is trying to fill another 500 roles by the end of June, according to a Binance spokesperson.The comments came despite a huge spike in crypto layoffs in January — the majority of whom were from crypto exchanges. In
Read More
Crypto industry layoffs appear to have slowed down significantly over the past month with an estimated 570 crypto employees dismissed in February, down from an estimated 2,850 in January.Cointelegraph compiled the figures based on publicly reported layoffs and found job cuts were spread across at least 12 companies over the
Read More
This layoff round affected staff working on product management, and data science, and engineers who worked on machine learning and site reliability being sent off. American social media and microblogging site, Twitter Inc has conducted a fresh round of layoffs sending at least 200 people packing. Several reports confirmed the retrenchment
Read More
Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially
Read More
The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the
Read More
Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect U.S. and global regulators to eventually lay down a strong hammer
Read More
The company hasn’t commented on what roles were largely requested to leave in the latest round of layoffs.As the crypto winter continues to show its effects on blockchain-related companies and exchanges, another big news of mass layoffs in the industry is doing rounds. Popular cryptocurrency exchange Crypto.com has slashed its
Read More
Crypto exchange Coinbase will be closing down most of its operations in Japan as part of its efforts to survive in the bear market. The move is part of the company’s restructuring plan and follows the recent announcement that it would reduce its employees by 20%. In an interview with BNN Bloomberg,
Read More
Meanwhile, asset manager Needham, which expects COIN to trade at $73 by the end of the year and kept the stock at a buy rating, wrote in a note Tuesday that the company’s headcount reductions are a “necessary step” given the uncertain volume picture this year, but said investors should
Read More