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The bear market coupled with the turbulent US regulatory environment has prompted many digital asset businesses to lay off a part of their staff. Hardware crypto wallet manufacturer Ledger is laying off 12% of its staff, citing microeconomic headwinds. In an October 5 blog post, the company’s CEO Pascal Gauthier
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The CEO and chair of Pascal Gauthier announces the firm will be cutting its staff by 12% in an Oct. 5 blog post citing the “longevity of the business.” The letter was sent to all employees, and reshared on the company’s public blog site in the interest of transparency. Macroeconomic headwinds This announcement
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Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.In an Oct. 5 blog post, Gauthier said the staff cuts had been made “for the longevity of the business,” citing the 2022 bear market and the collapse of
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The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts. Source
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The San Francisco-headquartered firm fired 26 employees in an effort to go public despite banking challenges. Chia Network Inc., the firm behind the Chia blockchain, has cut 26 “positions” as it still eyes an initial public offering. We’re sharing the difficult news that we eliminated 26 positions across Chia Network today. We
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Chainalysis, a blockchain analysis company backed by Singapore’s leading wealth fund GIC, has reduced its workforce by 15%. According to Bloomberg, the firm plans to curb expenses for potential long-term growth. Chainalysis had around 900 employees before the layoffs and has reduced its workforce by 135 people. “We are very focused on
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The crypto industry as a whole has experienced numerous job cuts in response to poor market conditions. Blockchain analytics firm Chainalysis has reduced its staff by 15%, affecting approximately 150 employees as it grapples with the ongoing market downturn in the crypto industry. The job reduction marks the second round of
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Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues.On Oct. 3, Chainalysis confirmed to Cryptox that it had made the difficult decision to part ways with 15% of its employees, amounting to approximately 135
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Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CryptoX, further delaying what Chia had hoped would be a rapid path to listing as a public company. Source
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The metaverse is a concept for a digital world where the internet theoretically becomes an immersive virtual environment that can be used for work, play, socializing, and events. While it remains in its very early stages of advancement, Epic Games' announcement suggest that major video game developers have been making
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