layoff Archives

eToro downsizes global workforce citing market conditions

Business

Wahid Pessarlay

-

12 July, 2022

eToro downsizes global workforce citing market conditions

The company cites the current market conditions as one of the reasons for the move; the layoffs will affect around...

Scandal-ridden Compass Mining lays off 15% of workforce, slashes exec salaries by 50%

Business

Steve Kaaru

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11 July, 2022

Scandal-ridden Compass Mining lays off 15% of workforce, slashes exec salaries by 50%

Just weeks after its CEO and CFO resigned, Compass Mining has announced layoffs and salary cuts, claiming it grew too...

Hong Kong: OSL digital currency exchange lays off employees

Business

Wahid Pessarlay

-

6 July, 2022

Hong Kong: OSL digital currency exchange lays off employees

OSL spokesperson also noted that the exchange had adjusted its business model to focus more on software-as-a-service, as well as...

Australian digital currency exchange Banxa slashes headcount by 30%

Business

Wahid Pessarlay

-

2 July, 2022

Australian digital currency exchange Banxa slashes headcount by 30%

Banxa CEO Holger Arians stated that the company is anticipating another "crypto winter" and needs to reduce costs, or its...

Austrian exchange Bitpanda lays off 30% of staff, says it expanded too fast

Business

Steve Kaaru

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1 July, 2022

Austrian exchange Bitpanda lays off 30% of staff, says it expanded too fast

Bitpanda joins hundreds of firms that are laying off their staff as the ‘crypto’ winter bites, with the exchange saying...

BitOasis exchange lays off employees amid market downturn

Business

Wahid Pessarlay

-

25 June, 2022

BitOasis exchange lays off employees amid market downturn

BitOasis disclosed laying off about five percent of its employees, which the CEO and Co-Founder, Ola Doudin, said is equivalent...

The CoinGeek Pulse Episode 92: Massive layoffs, Terraform Labs faces new lawsuit, Twetch sells out Cozy Hoodie

Business

Stephanie Tower

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24 June, 2022

The CoinGeek Pulse Episode 92: Massive layoffs, Terraform Labs faces new lawsuit, Twetch sells out Cozy Hoodie

Gone in 60 seconds! This is what happened when Bitcoin-powered Twetch dropped its latest NFT collection, "Cozy Hoodie," during its...

Are you a Krakhead? A Kraken manifesto parody

Editorial

Steven Stradbrooke

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21 June, 2022

Are you a Krakhead? A Kraken manifesto parody

CoinGeek has obtained a document that purports to be an early draft of the ‘Kraken Culture Explained’ manifesto that the...

Coinbase turfs 18% of its workforce as ‘crypto’ winter freezes Armstrong’s heart

Business

Steven Stradbrooke

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17 June, 2022

Coinbase turfs 18% of its workforce as ‘crypto’ winter freezes Armstrong’s heart

Coinbase has tossed nearly one-fifth of its workforce overboard as the struggling digital currency exchange struggles to stay afloat following...

BlockFi cuts 20% of workforce citing market downturn

Business

Wahid Pessarlay

-

16 June, 2022

BlockFi cuts 20% of workforce citing market downturn

BlockFi founders Zac Prince and Flori Marquez said that "market conditions that have had a negative impact on our growth...

Coinbase-backed Rain exchange in the Middle East lays off employees amid digital currency sell-off

Business

Wahid Pessarlay

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7 June, 2022

Coinbase-backed Rain exchange in the Middle East lays off employees amid digital currency sell-off

Rain Financial Inc., described as one of the biggest digital currency exchanges in the Middle East, says the layoffs were...

Robinhood axes 9% of full-time employees

Business

Wahid Pessarlay

-

28 April, 2022

Robinhood axes 9% of full-time employees

The layoffs will help Robinhood to improve efficiency, increase velocity, and ensure that it can adapt to changing needs of...

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