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Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’
3.2.2024
As part of its strategy to recalibrate and enhance operational performance, Polygon Labs will be reducing its workforce by 60, marking a 19% cut. This decision, shared by CEO Marc Boiron, aims at maintaining a lean and efficient team. Polygon Labs to Lay off 60 Employees in Bid to Return to Core...
Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion
7.11.2023
Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal
NFT Marketplace OpenSea to Reduce Workforce as it is Planning “Big Changes”
6.11.2023
Leading non-fungible token (NFT) marketplace OpenSea, unveiled plans to lay off half its workforce, amid the company’s major restructuring plans. The platform’s CEO Devin Finzer wrote on X (Twitter) that the firm is making “big changes” to focus on a new version –...
Propouští se už i u autorů Destiny, chystaný datadisk nabere zpoždění
31.10.2023
Tak jako mnoho jiných vývojářských studií v herním průmyslu, propouští i Bungie, kteří provozují populární online střílečku Destiny. Přesné počty „odejitých“ zaměstnanců nejsou známy, šéf studia Pete Parsons však včerejšek označil za smutný den
Leading Hardware Wallet Maker Ledger to Lay Off 12% of Work Force – When Will the Crypto Winter End?
5.10.2023
Crypto hardware wallet maker Ledger is laying off 12% of its workforce, reported Bloomberg on Thursday.
Ledger is the crypto industry’s leading maker of so-called hardware wallets – physical devices the provide the secure storage of an individual’s private keys, the password needed for them...
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
19.9.2023
The company filed for bankruptcy in August
CoinDesk to lay off part of editorial staff in preparation for sale of stake: Report
14.8.2023
Estimates of staffers facing the axe range from 45% (20 people) to 16%. A company-wide meeting is reportedly scheduled for Aug. 14
Today in Crypto: Cathie Wood’s ARK Says It's 'First in Line' to Get Spot-BTC ETF Approval, EVM Sidechain for XRP Ledger Available on Devnet v2, Robinhood to Lay Off 7% of Full-time Employees
27.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Cathie Wood’s ARK Says It's 'First in Line' to Get Spot-BTC ETF Approval, EVM Sidechain for XRP Ledger...
Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees
9.6.2023
African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing...
Dump & Miss Out, Close Banks, Take Down & Lay Off, and Laugh at 20 Crypto Jokes
18.3.2023
Read More: Dump & Miss Out, Close Banks, Take Down & Lay Off, and Laugh at 20 Crypto Jokes
Crypto Firm Anchorage Digital to Lay Off 20% of Staff Citing US Regulatory Uncertainty – Here's What You Need to Know
15.3.2023
Anchorage Digital, a crypto bank based in San Francisco, is making substantial staff cuts in response to the current downturn in the crypto market and regulatory uncertainty in the United States.
According to Bloomberg, the company is laying off 75 employees, or roughly 20% of...
Polygon decides to lay off 100 employees
24.2.2023
Despite how challenging it was, Polygon Labs ultimately made the difficult choice to lay off 100 employees. That actually equates to a respectable 20% of their entire team. Nevertheless, what appears to be remarkable is that they were able to raise $450 million a while back to carry out their...
Cryptocurrency Exchange Gemini to Lay Off 10% of Workforce – Here’s What Happened
24.1.2023
New York-based cryptocurrency exchange Gemini is letting go of 10% of its workforce amid the ongoing bear market that has seen around $2 trillion wiped out of the crypto market.
This marks the third round of layoffs at the crypto exchange in the past eight months, the Information reported on...
Bybit to Lay Off 30% of Staff Amid Crypto Winter
5.12.2022
The exchange is trying to 'refocus' amid a 'deepening bear market', its CEO said on Twitter
Stepn Reportedly to Lay Off 100 Employees Amid Market Downturn, Company Denies It
13.10.2022
Play-to-earn game Stepn, which lets users buy non-fungible token (NFT) running shoes and earn native crypto GMT through jogging, reportedly started a major layoff of its contract workers amid a market downturn – but the team behind the app denies firing staff....
Read More: Stepn Reportedly to...
Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV's 'Best Metaverse Performance', Crypto Green and Red Regulatory Lights + More News
19.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV's 'Best Metaverse Performance', Crypto Green and...
Aussie exchange Swyftx cuts staff by 21% amid bear market
19.8.2022
Australian crypto exchange Swyftx highlighted inflation, a recession, and the bear market as the reasons behind the unfortunate lay-offs
'This is on me' — Robinhood CEO to lay off 23% of staff after Q2 loss
3.8.2022
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter
Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company
3.7.2022
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li...
Coinbase Reduces the Size of the Firm’s Workforce by 18%
14.6.2022
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew...