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The layoffs at Epic Games are the latest in a slew of job cuts that have plagued the tech industry. Fortnite creator Epic Games is cutting its staff by 16%. This is according to a notice from CEO Tim Sweeney to employees on Thursday. The company is also selling its music
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Epic Games, the company behind Fortnite, has slashed 16% of its workforce — approximately 830 staff — after unrealistic expectations of metaverse-inspired revenue caused it to spend “way more” money than it had been earning.“We concluded that layoffs are the only way and that doing them now and on this
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Binance.US has reduced its staff by nearly one-third which is the company’s second round of workforce reduction for the year 2023. Amid a strong exodus, top executives of Binance.US have been leaving the exchange recently. On Thursday, September 14, the Wall Street Journal reported that Binance.US head of Legal Krishna
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New York’s blockchain company, R3, has reduced its workforce by over 20% as a cost-saving measure due to lower-than-expected adoption rates in the financial sector. Bloomberg reported that while R3 have seen potential with central banks, other projects didn’t perform as expected, affecting their revenue. In a world of uncertainties, R3’s
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Binance US, the American subsidiary of the crypto exchange giant, has laid off 100 employees, or a third of its staff, following the departure of its CEO. Bloomberg reports that the former CEO, Brian Shroder, who joined Binance in September 2021, will be temporarily replaced by Norman Reed, the Chief Legal
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“You see markets like we have here in Singapore, certainly even what we're seeing in Hong Kong, the U.K., Dubai, where the governments are partnering with the industry, and you're seeing leadership, providing clear rules and you're seeing growth, Garlinghouse said. "And frankly, that's why ripple is hiring there, 80%
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Binance.US, the United States arm of the crypto exchange has reportedly cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm.On Sep. 13, Bloomberg reported, citing a Binance.US spokesperson, that Shroder was replaced on an interim basis
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The CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28.The crypto exchange reportedly laid off 44 employees from its customer support division in August, citing redundancy in roles amid the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CoinDCX, a top Indian cryptocurrency exchange, is slashing 12% of its staff as a prolonged bear market and the nation’s tax policies impact revenue. Founded in 2018 by Neeraj Khandelwal and Sumit Gupta, the Mumbai-based cryptocurrency exchange
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital Currency Group (DCG) is laying off staff as the company tries to ensure that its expenses-to-profit ratio looks better for potential acquirers. DCG — the owner of CryptoX — is cutting the publication’s editorial team by
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