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Ava Labs Cuts Staff by 12% to Reallocate Resources for ‘Growth’ – Here’s the Latest
7.11.2023
Source: AdobeStock / freshidea Ava Labs, the team behind the Avalanche ( AVAX) blockchain, has confirmed a 12% reduction in its workforce citing the need to reallocate resources as the driving force behind the staff cuts. Emin Gün Sirer, founder and CEO of Ava Labs, announced the news in a recent...
HTX's Justin Sun claims record profits despite staff cuts
26.10.2023
The blockchain personality claims that his exchange recorded a profit of $98 million in Q3 2023
Epic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions
29.9.2023
“Spending way more than we earn” — CEO Tim Sweeney blamed job cuts on major structural changes to the company’s economics
Crypto Infrastructure Provider Qredo Slashes Staff, Cuts Annual Expenses by 35% – Bear Market Continues?
5.9.2023
Crypto infrastructure provider Qredo has announced plans to reduce staff and expenses as it navigates the challenges posed by the ongoing bear market.
Qredo has let go of approximately 50 employees, including several senior executives, according to three sources familiar with the matter.
Among...
KuCoin denies mass layoffs, says cuts are part of 'normal' operations
26.7.2023
KuCoin has shut down rumors that it would be laying off 30% of its workforce but admitted there may be some "personnel adjustments" in the future
Silvergate begins NYSE delisting process as it readies to cut 230 staff
12.5.2023
The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing
Crypto layoffs decelerate, with layoffs falling to 570 in February
1.3.2023
The number is a stark contrast to over 2,900 employees from the crypto industry let go in January
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
6.1.2023
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed...
GameStop to drop crypto efforts as Q3 losses near $95M
9.12.2022
The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans
Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
29.11.2022
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies
Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
7.11.2022
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division
Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts
22.8.2022
"Brave of them... maybe fortune favor them," said one Redditor in response to an artist's rendering of the renovations
CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
29.7.2022
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
22.7.2022
The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before
HTC to Increase Focus on Blockchain Phones, AI After New Staff Cuts
18.12.2019
The Taiwanese tech firm said the downsize will allow it to retain an edge in an increasingly competitive space