layoff Archives

Ava Labs lays off ‘substantial’ portion of its workforce

Business

Jordan Atkins

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8 November, 2023

Ava Labs lays off ‘substantial’ portion of its workforce

Ava Labs founder Emin Gün Sirer confirmed on X that there was a ‘reduction in force’ at the blockchain company,...

R3 blockchain lays off a fifth of its employees

Business

Wahid Pessarlay

-

21 September, 2023

R3 blockchain lays off a fifth of its employees

R3 slashed the jobs to “maintain a strong operating and financial position” at a time when blockchain funding has dried...

Binance.US sheds CEO, another 100 staff while ducking SEC probe

Business

Steven Stradbrooke

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14 September, 2023

Binance.US sheds CEO, another 100 staff while ducking SEC probe

Apart from the departure of another of its execs, CEO Brian Shroder, Binance.US slashed one-third of its staff, stressing that...

Business

Wahid Pessarlay

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3 September, 2023

CoinSwitch, CoinDCX exchanges cut staff amid market slump

Indian digital currency exchange Coinswitch is diversifying its financial products in an attempt to remain afloat, a move initiated following...

Google accused of firing AI contract staff in ‘retaliatory’ move against unionizing

Business

Wahid Pessarlay

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10 August, 2023

Google accused of firing AI contract staff in ‘retaliatory’ move against unionizing

Alphabet Workers Union takes legal action against Google and Accenture, alleging violation of federal labor laws following a significant employee...

Business

Steve Kaaru

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31 July, 2023

KuCoin: 30% staff layoffs part of ‘biannual appraisals’

KuCoin had dismissed over 300 people amid a trading volume dip, according to reports, but CEO Johnny Lyu says it’s...

Business

Steve Kaaru

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29 June, 2023

Robinhood axes 7% of employees in third round of layoffs

The stock and digital asset trading platform will lay off about 150 people, mostly in customer experience and safety, as...

Binance cutting staff, dodging Canadian regulatory probe

Business

Steven Stradbrooke

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1 June, 2023

Binance cutting staff, dodging Canadian regulatory probe

Binance undergoes "re-evaluation" of its workforce, cutting down about one-fifth of its total manpower who are either underperforming or might...

Disney abandons metaverse plans to save costs as funds run dry

Business

Wahid Pessarlay

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30 March, 2023

Disney abandons metaverse plans to save costs as funds run dry

All 50 employees in Disney's metaverse division will see their employment contracts terminated except for the division's head, Mike White,...

Meta to lay off 10,000 workers as metaverse ambition wanes

Business

Steve Kaaru

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17 March, 2023

Meta to lay off 10,000 workers as metaverse ambition wanes

Mark Zuckerberg announced another round of massive layoffs, just days after winding down NFT integrations, even as his focus seemingly...

Brutal layoffs continue in the digital currency industry—is this the worst bear market yet?

Business

Gavin Lucas

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2 March, 2023

Brutal layoffs continue in the digital currency industry—is this the worst bear market yet?

Only two months since entering 2023, thousands have been laid off in the digital currency industry, but hopes of a...

Polygon lays off 100 staff following internal consolidation process

Business

Wahid Pessarlay

-

27 February, 2023

Polygon lays off 100 staff following internal consolidation process

Polygon claims it maintains a healthy cash reserve, stating that the move was an internal restructuring move designed to “crystallize”...

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