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Report: India ranks third in the world in terms of Web 3.0 workforce size
19.10.2022
There are currently 450 Web 3.0 startup in the country, including four unicorns
Indian Crypto Exchange WazirX Lays Off 40% of Workforce
3.10.2022
Major Indian crypto exchange WazirX has laid off about 40% of its employees, citing a fall in trading volumes due to the bear market and the regulatory climate in India.
Local news outlet the Economic Times reports that the figure equates to around 50 to 70 employees of the exchanges around...
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes
3.9.2022
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September...
Xbox Boss Phil Spencer Skeptical About Metaverse, Criticizes Play-to-Earn Models
30.8.2022
Phil Spencer, head of the Xbox brand, believes that the metaverse has been with us since 30 years ago, when digital gaming was largely introduced. However, Spencer criticized play-to-earn (P2E) models, stating that they create a workforce out of a kind of gamer who needs to monetize the time spent...
Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits
17.8.2022
Michael Moro, the CEO of crypto broker Genesis has quit as the company cuts 20% of jobs
Broker Robinhood Slashing Nearly One-Quarter of Workforce
2.8.2022
Robinhood's job cuts come after the brokerage slashed 9% of its headcount in April to streamline costs and combat the market rout
Blockchain.com Cuts 25% Workforce Amid Crypto Bear Market
21.7.2022
Cryptocurrency exchange Blockchain.com is cutting 25% of its workforce, equating to about 150 people
Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs
20.7.2022
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10%...
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise
6.7.2022
The digital currency firm Etoro has revealed it is laying off 100 workers or roughly 6% of the company’s workforce. Furthermore, Etoro disclosed that the company is terminating the special purpose acquisition company (SPAC) merger planned with Fintech Acquisition Corp. Etoro says the company...
Crypto Exchange Bullish.com Reportedly Cuts About 10% of Workforce
5.7.2022
The company last week extended the deadline to complete its SPAC merger until the end of 2022
Huobi Global Could Cut Over 30% Workforce as China Crackdown Leads to Fall in Revenue
28.6.2022
Cryptocurrency exchange Huobi could cut more than 30% of its workforce after having to remove Chinese users from the platform
Crypto Exchange Bitget Plans to Double Workforce as Peers Cut Back in Bear Market
23.6.2022
Unlike exchanges like Coinbase and Gemini, the derivatives platform plans to increase its staff
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures
20.6.2022
Cryptocurrency exchange Bybit is to cut its workforce by as much as 30% in response to its business not growing at the same rate as its headcount, according to a report
Coinbase Reduces the Size of the Firm’s Workforce by 18%
14.6.2022
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew...
Polygon taps Airbnb’s director of HR to spearhead its decentralized workforce
9.6.2022
Cointelegraph spoke to Polygon’s newly appointed global head of HR, Bhumika Srivastava, to learn more about her Web2-to-Web3 transition and philosophy for decentralized cultures, among other things
Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms
4.6.2022
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of...
Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia
28.5.2022
Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy...
Robinhood Cuts 9% of Workforce as ‘Hyper Growth’ Slows
26.4.2022
CEO Vlad Tenev said the platform’s rapid growth in 2020 and 2021 led to duplication of roles and functions
Coinbase Plans to Increase its Workforce by Around 70% This Year
15.2.2022
Major US-based crypto exchange Coinbase said it plans to hire up to 2,000 employees this year, increasing its total workforce by around 70%.
The firm aims to grow its Product, Engineering, and Design teams, according to L.J Brock, Chief People Officer of the company. Coinbase says it had over...
Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio
2.12.2021
On November 30, the crypto firm Blockchain.com announced it acquired the Argentina-based investment platform Sesocio. According to the firm, the acquisition will give the company’s global workforce an aggregate headcount of 400 Blockchain.com employees worldwide. Blockchain.com’s...