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Ubisoft Using AI-Generated Assassin’s Creed Art Amid Cost Cutting
31.10.2023
Happy Halloween! Ubisoft Netherlands invites you to celebrate the spooky festivities with AI-generated Assassin’s Creed art. Terrifying indeed!Read more
Solana reveals cost-cutting solution for on-chain storage
6.4.2023
Known as state compression, the technology promises to drastically reduce the cost of on-chain storage
Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal
7.3.2023
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to...
Coinbase Sheds Roughly 60 Jobs as Cost-Cutting Continues Amid Bear Market
10.11.2022
Coinbase called the latest reductions “isolated and targeted.”
Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’
9.11.2022
Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital...
Crypto Exchange CoinFLEX Slashes Team Amid Cost-Cutting Push
29.7.2022
CoinFLEX's rough month continues with the decision to "right-size" a business down to its core
Ubisoft's Bad Luck Streak Continues With Delays, Cancelations, Cost-Cutting
21.7.2022
Another big Ubisoft game has been delayed. Avatar: Frontiers of Pandora won’t arrive in time for the release of James Cameron’s feature film Avatar: The Way of Water this December and is now launching sometime after March 2023 at the earliest. CEO Yves Guillemot also told staff on Thursday that...
Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs
20.7.2022
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10%...
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures
20.6.2022
Cryptocurrency exchange Bybit is to cut its workforce by as much as 30% in response to its business not growing at the same rate as its headcount, according to a report
Coinbase Announces Cost-Cutting Measures as Crypto Firms Face Bear Market
2.6.2022
Coinbase announced the move on its blog following an announcement of layoffs at fellow exchange Gemini earlier today
Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report
19.5.2022
The report based on internal emails seen by The Information comes after Coinbase said earlier this week it will slow hiring
Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related...
European Banks Struggle With Low Interest Rates and Strict Regulations
4.12.2019
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019....