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Nalezeno "Job Cuts": 38

PlayStation Cancels Multiple Games Amid Massive Job Cuts

27.2.2024
This morning, Sony revealed that it is adding to the ever-growing pile of industry layoffs. In official posts, the company announced it had “initiated a reduction” in workforce. These cuts will impact a variety of PlayStation’s first-party studios including Insomniac Games, Guerrilla, Naughty...

Jack Dorsey’s Block Inc. Initiates Layoffs to Reach 12,000 Employee Cap

31.1.2024
Block Inc., led by Jack Dorsey, has started implementing job cuts in a bid to reduce its workforce by the end of the year. According to a recent report by Business Insider, Block has commenced a gradual reduction of its workforce, aiming to decrease its current staff count of approximately 13,000...

Near Foundation Cuts Staff by 40%, CEO Says Organization Is in Good Financial Health

13.1.2024
The NEAR Foundation recently said it has let go of 35 workers as part of a realignment exercise that sees it “focus on a narrower and higher-impact set of activities.” The foundation’s CEO insisted that the job cuts did not in any way indicate that his organization was facing...

Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts

7.10.2023
Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory...

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

Binance US CEO Is ‘Taking Deserved Break,’ CZ Seeks to Downplay Executive Exodus

17.9.2023
Binance founder Changpeng Zhao has commented on the latest executive departures from his company’s American branch. The changes in the U.S. crypto trading firm’s management, including the release of its chief executive, followed similar developments at the global exchange. CZ Urges Followers...

Another 2 Binance US Executives Leave Crypto Exchange, Report

16.9.2023
Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business. Binance US Legal...

Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs

15.9.2023
Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs...

Another Executive Exits Binance Amid Regulatory Scrutiny

6.9.2023
Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...

Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring

15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...

NBA Top Shot Developer Dapper Labs Continues Layoff Trend with New Round of Job Cuts

14.7.2023
Dapper Labs, the non-fungible token (NFT) collectibles company behind NBA Top Shot, recently bid farewell to an additional 51 employees, following a previous staff reduction of 20% in February earlier this year. In an announcement by Roham Gharegozlou on July 13, the company's CEO revealed that...

German newspaper giant to axe old-school editorial staff for AI

21.6.2023
Artificial intelligence will soon make its appearance in one of Europe’s best-selling tabloid newspapers

Binance Chief Communications Officer Responds to Reports on Job Cuts

31.5.2023
Binance’s chief communications officer denied that the world’s largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning. Binance’s Patrick Hillmann retweeted a post from independent journalist Colin Wu, who had reported...

Job Cuts at Silvergate as Crypto-Friendly Bank Winds Down After FTX Collapse

12.5.2023
Silvergate Capital, the parent company of now-defunct crypto-friendly bank Silvergate Bank, has announced another major layoff that would impact 230 employees. In a recent filing with the Securities and Exchange Commission (SEC), the company said it would have just 80 employees left by the end...

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

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

20.2.2023
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance...