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Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO
23.2.2023
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire...
USDC issuer Circle to increase staff by up to 25% amid layoff season
23.2.2023
The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger
Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?
17.2.2023
The dawn of 2023 has seen crypto assets break free of suppresive year-long price action. But with many in tech betting big on the Metaverse at the start of 2022, things are getting ugly.
In an exclusive report from Chinese news outlet 36 Krypton. It has been revealed that the world's largest video...
Magic Eden Lays Off 22 Staff as Part of Company-Wide Restructuring
14.2.2023
Microsoft Reportedly Shutting Down Industrial Metaverse Focused Group
13.2.2023
Software giant Microsoft is shutting down one of its most significant groups dedicated to the development and promotion of the industrial metaverse. According to reports, the company terminated its whole Industrial Metaverse Core group, which was composed of 100 employees, as part of...
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
Washington Post Shutting Down Gaming Section Amid Wider Layoffs
24.1.2023
The Washington Post imposed more layoffs on Tuesday just a week after owner Jeff Bezos visited its Washington D.C. office. Among the ritual sacrifices will be Launcher, the newspaper’s burgeoning gaming section, which routinely broke important news stories, landed big interviews, and asked...
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
Microsoft Slashes 10K Jobs, Including At Xbox And Halo Studios
18.1.2023
Following rumors earlier this week from Sky News, tech giant Microsoft has announced a slew of layoffs affecting 10,000 workers, some within its game studios, blaming slowing e-commerce sales and a potential economic recession. Kotaku has confirmed that a number of developers at 343 Industries,...
Crypto recruitment execs reveal the safest jobs amid layoff season
18.1.2023
The crypto industry has already seen more than 1,600 layoffs across the industry in the first two weeks of January
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. "
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
IGN Lays Off Some Staffers Right Before The Game Awards
8.12.2022
IGN, the biggest gaming news outlet in the world, laid off multiple staff members today, according to tweets from current and former staffers. Read more
GameStop Gets Into Holiday Spirit With More Layoffs
5.12.2022
In the spirit of Christmas and the ruthless pursuit of meme stock shareholder value, GameStop carried out its latest round of layoffs on Monday ahead of its new earnings report, which is due out later this week. The cuts reportedly hit staff working on the company’s crypto push, as well as a number...
ByBit Crypto Exchange to Layoff Third of Workforce Amid Ongoing Bear Market
5.12.2022
Crypto exchange ByBit is planning to cut its workforce by 30% due to poor market conditions - which are likely to worsen, said its CEO Ben Zhou.
Bloomberg cited co-founder and Chief Executive Officer Zhou as saying that reductions will be across the board. ...
Read More: ByBit Crypto Exchange...
Facebook's Mark Zuckerberg Firing 11,000 After Company Spends $15bn On Metaverse
9.11.2022
Rumors have swirled this week, and now it’s confirmed: Meta, the owner of Facebook, WhatsApp, Instagram and Oculus VR, is sacking 13 percent of its workforce, a total of around 11,000 employees out of work. This comes in the wake of the company having spent an extraordinary $15 billion on...
Tencent Guts Its Gaming News Site, Firing Staff Without Warning
15.9.2022
Today layoffs hit the respected video game and entertainment website Fanbyte, with the site’s editor-in-chief and head of media among the list of staff who are now out of work. According to Fanbyte employees, the layoffs were a total shock, with some reporting that they had just worked with some...
G4TV Hit With Major Layoffs Less Than A Year After Coming Back
14.9.2022
At least somewhere between 15-20 staff were laid off at G4TV today, according to two sources familiar with business. The video game talk show network from the 2000s was resurrected last fall on streaming platforms like Twitch as well as cable TV, but now faces major upheaval less than a year later....
KuCoin Denies Layoff Rumors, Says It's Hiring 300 Staff
11.7.2022
“We are continuing to do everything to increase the productivity and motivation of our employees,” CEO Johnny Lyu said