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Consensys Reiterates Commitment to Ethereum Despite 20% Workforce Cut
29.10.2024
Consensys, a Web3 software company, is laying off 20% of its workforce due to economic and regulatory challenges. Despite these setbacks, Consensys says it remains committed to its vision for Web3 and plans to continue supporting the Ethereum project. Consensys Cuts Staff Web3 software company...
DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot
29.10.2024
"The company we’ve built is different from the company dYdX must be," said the CEO
Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’
29.10.2024
“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post
Consensys to cut workforce by 20% — CEO outlines decentralization plans
29.10.2024
Consensys CEO Joe Lubin confirmed that the firm’s restructuring plan will impact 162 permanent employees
Bridging the Skills Gap: Preparing the Workforce for a Web3 Future
18.9.2024
Companies have invested so much on education with a focus on trading, but have not turned their attention to the portion of the workforce that remains unfamiliar with the technology that will be responsible for creating, facilitating, communicating and operating Web3 products and services, says...
Over 86% of Web3 professionals are confident in the future of crypto: Consensys
10.9.2024
The surprising workforce optimism comes despite the current regulatory uncertainty ahead of the US elections
Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift
3.9.2024
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive...
Layer-1 Platform Radix Cuts Workforce by 15%
30.8.2024
The decentralized finance platform Radix Network announced a 15% workforce reduction on Aug. 28. CEO Piers Ridyard stated that the decision was made to decrease overhead costs. Ridyard said that while core projects like Flash Liquidity and MFA are expected to continue, users may experience...
Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure
24.8.2024
Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal...
Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino
10.8.2024
The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others will join the finance team. A Finance Behemoth...
City of Santa Monica launches Bitcoin Office, plans October festival
9.8.2024
The “Silicon Beach” wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit
Tether to double its workforce to 200 by mid-2025: Report
9.8.2024
The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies
Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses
4.7.2024
Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised...
LVMH is augmenting humans with AI, not replacing them
28.5.2024
The luxury conglomerate has also debuted its internal ChatGPT spinoff exclusively for employees
Hong Kong central bank studies AI's impact on banking jobs and skills
23.5.2024
HKMA deputy chief executive Arthur Yuen said that enhancing employees' skills would allow them to “coexist with technology in the AI era.”
US Government Pledges $3.6M to Build Cybersecurity Workforce
4.4.2024
On April 3, the US government promised cooperative agreements worth roughly $3.6 million to build a workforce skilled in cybersecurity, shielding companies from potential cyberattacks.
The post US Government Pledges $3.6M to Build Cybersecurity Workforce appeared first on Cryptonews
Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
6.3.2024
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition
Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO
6.3.2024
Binance's US arm imploded following SEC allegations regarding violations of securities law, according to the subsidiary’s COO Christopher Blodgett.
The post Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO appeared first on Cryptonews
Crypto Custody Firm Fireblocks Latest to Cut Jobs Amid Tech Layoffs
7.2.2024
Crypto custody provider Fireblocks has announced a reduction in its workforce as part of a restructuring effort. In a recent interview with Bloomberg, Fireblocks said it has been working on restructuring its go-to-market and customer support operations over the past six months. The goal is...
Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’
3.2.2024
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...