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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes
5.11.2024
Alibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech giant Alibaba has reportedly laid off dozens...
Crypto Biz: Crypto industry faces fresh round of layoffs
1.11.2024
This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders
Crypto Biz: Crypto industry faces fresh round of layoffs
1.11.2024
This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders
Crypto Biz: Crypto industry faces fresh round of layoffs
1.11.2024
This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders
Kraken restructures with new co-CEO, layoffs reported
30.10.2024
Kraken hinted that its managerial structure would be reformed, without explaining the details
Dydx CEO Announces Layoffs of 35% of Core Team Amid Strategic Shift
30.10.2024
Dydx, the decentralized finance platform, has announced a significant restructuring, with CEO Antonio Juliano revealing the difficult decision to lay off 35% of its core team as part of a strategic shift to align with the company’s evolving goals. In a heartfelt blog post, Juliano...
dYdX lays off 35% of staff shortly after major Consensys cuts
30.10.2024
The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.
dYdX lays off 35% of staff shortly after major Consensys cuts
30.10.2024
The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.
Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’
29.10.2024
“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post
Microsoft Promises No games Cancelled Amid 650 More Xbox Jobs Cut
12.9.2024
Microsoft is laying off another 650 employees from its Xbox gaming division, the company announced in an overnight companywide memo. Microsoft Gaming CEO Phil Spencer stressed that no new games were being cancelled or studio closed as a result of the latest round of cuts. Read more
Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift
3.9.2024
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive...
Matter Labs CEO announces company restructuring, layoffs
3.9.2024
Matter Labs is the creator of the Ethereum layer-2 scaling solution ZKsync
Matter Labs CEO announces company restructuring, layoffs
3.9.2024
Matter Labs is the creator of the Ethereum layer-2 scaling solution ZKsync
Matter Labs Restructures, Lays Off 16% of Team
3.9.2024
The company made the move to adapt to "the different type of technology and support" that developers building on ZKsync now require
Dr Disrespect Returns, Bungie Hit By Massive Layoffs, And More Of The Week's Biggest Gaming News
3.8.2024
This week, Destiny 2 maker Bungie was hit by massive layoffs, leaving the future of the company’s popular looter shooter in some doubt and spurring waves of criticism of its CEO, who remains at the studio. We also saw streamer Dr Disrespect once again posting online, just 36 days after he confessed...
Nobody Knows What Destiny 2’s Future Looks Like Anymore
1.8.2024
I always tell people that I’ve been with Destiny since the first alpha test. For some reason, it’s always been a point of pride for me. My own way of saying, “Hey, I’ve been behind this vision since the beginning. I’ve been there through the highs and the lows, and I’m still here.” But following...
Bungie CEO Seemingly Spent Over $2.3 Million On Classic Cars After Sony Acquisition
31.7.2024
Sony purchased Bungie, the original studio behind Halo and the maker of Destiny 2, for a whopping $3.6 billion in 2022. Following the sale, Bungie CEO Pete Parsons purchased over 20 classic cars in online auctions costing millions of dollars, according to his account on the website Bring A Trailer....
Bungie Devs React To More Mass Layoffs: ‘My Whole Team Is Gone'
31.7.2024
Today, Bungie announced that it was laying off 220 employees, or approximately 17 percent of its workforce. The news, which comes on the heels of a successful expansion launch with Destiny 2: The Final Shape in June and another round of layoffs late last year, has prompted former employees...
Bungie Hit By Layoffs And Massive Restructuring Despite Success Of Destiny 2: The Final Shape
31.7.2024
Bungie is about to undergo major changes. The Destiny 2 maker is laying off hundreds more employees, integrating more deeply with its parent company Sony, and spinning off one of its in-development games into a separate PlayStation Studio. CEO Pete Parsons called it a “difficult and painful day”...
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
16.6.2024
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off...