Crypto.com Cuts Workforce by Nearly 20%
The firm is the latest among the major crypto firms to announce layoffs. Source
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Workforce
Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry’s Cruel Winter Continues
“The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year,” said a Blockchain.com representative via email. “To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company." Source
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Coinbase to cut another 20% of its workforce in the second wave of layoffs
Major cryptocurrency exchange Coinbase is starting 2023 with more layoffs, letting go of another 20% of its employees in a second major wave of layoffs.Coinbase CEO Brian Armstrong officially announced on Jan. 10 that Coinbase will cut 950 jobs as part of the company’s measures to reduce the firm’s operating
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Salesforce to Dismiss 10% of Workforce after Hiring ‘Too Many People’ during Pandemic
The software company said it would contact impacted workers, and affected teams would receive clarity on organizational changes.In the wake of tech companies cutting expenses, software company Salesforce Inc (NYSE: CRM) has revealed plans to cut 10% of its workforce. The cloud-based company also intends to shut down some offices
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Xiaomi to Reduce Workforce by 10% amid China’s Prolonged COVID Battle
The Chinese smartphone giant started to let go of some of its staff due to lower sales amid the lockdowns in China.While many companies are gradually rebounding from the adverse effects of the coronavirus pandemic, others like China Xiaomi are still battling with the COVID impact as it plans to
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Israel-Based Playtika Confirms 15% Layoff of Workforce
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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Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce
The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday. Crypto Markets Today is CryptoX’s daily newsletter diving into what happened in today's crypto markets. Source
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Kraken Cuts 30% of Workforce Amid Crypto Winter
The crypto market has sunk this year, with bitcoin (BTC) losing 63% of its value since the end of 2021 and the total crypto market cap down more than two-thirds in the past 12 months. Companies that ramped up staffing levels during the preceding boom years have had to cut
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Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20% – Exchanges Bitcoin News
As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly told its customers it is ‘not going anywhere, anytime soon.” ‘No Relationship
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Meta Slashes Over 11,000 Jobs, 13% of Its Workforce
The job cuts were across its Family of Apps and Reality Labs segments. Original Source
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