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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...
ConsenSys CEO: 'We've retained virtually all of our capabilities' after job cuts
7.2.2023
The executive stated that the layoffs were due to concerns about “macroeconomic and geopolitical” issues that may affect the venture capital markets
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
4.2.2023
Crypto execs suggested that the "extremely challenging" times forced them to cut jobs in order to “weather this extended" crypto winter
Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise
31.1.2023
It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January
Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue
23.1.2023
FTX’s FTT token was up 8% for the day. Equities closed up
Compass Mining sued for losing Bitcoin mining machines bought by customers
19.1.2023
The lawsuit alleges that Compass Mining didn’t disclose to Bit River that it was only the ‘middleman,’ not the owner of its customers’ machines
ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over 'Ridiculous' CeFi
18.1.2023
A total of 97 employees, or 11% of the workforce, will be affected, according to a blog post by the CEO
Coinbase Shutting Down Most Crypto Services in Japan After Series of Job Cuts Globally
13.1.2023
The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future...
Crypto Markets Today: Coinbase Announces More Job Cuts Amid Market Jitters
10.1.2023
ALSO: Both bitcoin and ether reached nearly four-week highs. Equities closed higher
FTX collapse could see crypto sector layoffs accelerate
15.11.2022
While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”
Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’ and Staggering Job Cuts
19.8.2022
The latest firm to freeze crypto withdrawals is engaged in “proceedings” with Singaporean police
Crypto Layoffs: OpenSea, Blockchain.com, Coinbase, Gemini Among Firms Forced to Make Mass Job Cuts
21.7.2022
As a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff
Life after crypto biz: Retrenched staff ponder future in the job market
20.7.2022
Workers weigh up their futures in the cryptocurrency economy as tough market conditions lead to more staff cuts at prominent firms
Market Wrap: Finger-Pointing and Job Cuts as Bitcoin Slides Back Toward $20K
28.6.2022
Bitcoin's price fell for a third straight day, and a rally in Chainlink's LINK token faded – as crypto industry recriminations kept coming and stocks slumped
LBank Exchange Continues to Hire Amid the Massive Crypto Job Cuts
23.6.2022
PRESS RELEASE. Cryptocurrency exchange LBank has continued to hire more crypto and blockchain talents as well as interns for its global offices. Against the backdrop of extreme volatility in the crypto market and investors dumping risky assets, as well as certain crypto firms laying off employees...
Binance, Kraken & Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts
15.6.2022
The CEO of crypto exchange Binance has revealed that the company is hiring for 2,000 open positions in spite of the recent market downturn
IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources
1.2.2021
“There is not really going to be a blockchain team any longer,” said a source
Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed
22.4.2020
Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town...