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Report Reveals Chinese Workers Converting Earned CBDC To Cash


Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money. The post Report Reveals Chinese...

Nigerian Fintech Startup Chipper Cash Lays Off Employees in US, UK


The Nigerian fintech startup, Chipper Cash, recently abolished the roles of 20 workers based in the U.S. and U.K. The CEO Ham Serunjogi said this decision aligns with its goal of maintaining high operational efficiency and moves the startup closer to profitability. Layoffs Set Chipper Cash...

Ebay’s Web3 Division Reportedly Lays off 30% of Its Employees


Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this restructuring is David Moore, the founder of Knownorigin,...

Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’


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...

Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends


Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...

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