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Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’
9.11.2022
Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital...
Meta Slashes Over 11,000 Jobs, 13% of its Workforce
9.11.2022
The job cuts were across its Family of Apps and Reality Labs segments
Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Friday, as NFP Report Looms
4.11.2022
Cryptocurrency prices rebounded on Friday, as markets prepared for the latest U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs will have been added to the United States workforce, which comes as job openings once again trended higher. Bitcoin moved away from a recent floor...
Moonvember kicks off with sweeping staff layoffs across crypto
4.11.2022
There are still pockets of hope however, with some companies looking to expand despite the market conditions
Billionaire Mike Novogratz May Cut 20% of Workforce at Galaxy Digital – Signs of Bear Market?
2.11.2022
Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, could let go of up to 20% of the workforce amid the market downturn. Crypto exchange BitMEX has also reduced its staff.
According to a report by Bloomberg, there is no official plan for...
Crypto Finance Firm Galaxy Digital to Cut One-Fifth of Workforce: Sources
1.11.2022
CoinDesk estimates that around 11,700 crypto jobs had been lost as of mid-October as a result of the crypto winter
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...