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Xbox's Phil Spencer Says Microsoft's 10K Layoffs 'Hurts' In Email To Staff
20.1.2023
A few hours ago, Xbox CEO Phil Spencer sent out a company-wide email to all full-time employees under Microsoft’s gaming divisions. A copy of the email was shared with Kotaku by a current Xbox employee, we have confirmed its authenticity, and the full text has been transcribed below:Read more
ConsenSys slashes headcount 11% as chief economist reveals formula for adoption
19.1.2023
ConsenSys CEO Joseph Lubin confirmed the company would be cutting 96 of its staff to focus its resources on its core businesses
Crypto.com Cuts 20% of Staff in Latest Retrenchment by a Top Crypto Exchange in Fight for Survival
13.1.2023
Crypto.com has announced that it will cut 20% of its staff, citing macroeconomic headwinds and the collapse of rival exchange FTX as its reasons.
“While we continue to perform well, growing to more than 70 million users worldwide and maintaining a strong balance sheet, we’ve had to navigate...
Crypto.com CEO announces 20% staff cut, 'did not account' for FTX collapse
13.1.2023
"While we continue to perform well, growing to more than 70 million users worldwide and maintaining a strong balance sheet, we’ve had to navigate ongoing economic headwinds and unforeseeable industry events. "
The Surprising Reason Twitch Star Amouranth Hasn't Ditched NSFW Content (Yet)
12.1.2023
When 29-year-old Kaitlyn Siragusa—Twitch streamer Amouranth—said that if it weren’t for her allegedly abusive husband’s threats, she wouldn’t post as much NSFW content, some self-decided experts online expressed skepticism instead of compassion. They sustained their bad attitudes through Siragusa’s...
Ethereum Software Firm ConsenSys to Cut Upwards of 100 Staff
10.1.2023
The news comes the same day crypto exchange Coinbase said it was cutting almost 20% of its workforce
Crypto asset manager Osprey Funds lays off most of its staff: Report
9.1.2023
Institutional demand for Bitcoin and other crypto assets has waned due to the bear market
NFT Marketplace SuperRare Cuts Staff by 30%
7.1.2023
CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months
SuperRare cuts 30% of staff as growth slows during crypto winter
7.1.2023
Despite only being a week into the new year, SuperRare adds to a number of firms announcing staff cuts such as Huobi and Genesis
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...
Doubts mount over Huobi’s future as harsh layoff rumors denied
6.1.2023
Canceled bonuses, pay disputes, massive layoffs and a communication blackout has been claimed as part of the goings-on at the crypto exchange
Crypto lender Genesis lays off 30% more staff: Report
5.1.2023
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role
Crypto Lender Genesis Lays Off 30% More of Its Staff
5.1.2023
The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies
Silvergate in Trouble: Crypto Bank Cuts Staff by 40% Amid a 68% Decline in Crypto Deposits
5.1.2023
Trouble is brewing for crypto bank Silvergate as the company cuts staff by 40% and sells assets at a loss to cover $8.1 billion worth of customer withdrawals. Furthermore, the company's crypto-related deposits saw a 68% decline in the fourth quarter of last year.
According to a Thursday report by...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
5.1.2023
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees
Indicted FTX Co-Founder Sam Bankman-Fried Discussed ‘Pandemic Prevention’ With Biden Administration Officials
4.1.2023
According to public filings, former crypto billionaire and FTX co-founder Sam Bankman-Fried met with senior Biden administration officials before he was indicted for financial fraud. When asked about the visits, White House press secretary Karine Jean-Pierre told the press the meetings involved...
Near Project’s Octopus Network lays off 40% of its staff amid crypto winter
26.12.2022
The remaining workforce is also expected to take 20% pay cuts, the project's founder said
FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF
15.12.2022
A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times Ahead: Bloomberg
14.12.2022
"While we expect the next several months to be bumpy, we will get past this challenging period," CZ said while assuring the organization is built to last