Search
GameStop to drop crypto efforts as Q3 losses near $95M
9.12.2022
The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans
IGN Lays Off Some Staffers Right Before The Game Awards
8.12.2022
IGN, the biggest gaming news outlet in the world, laid off multiple staff members today, according to tweets from current and former staffers. Read more
Many Koinly staff point to poor communication, CEO in global layoffs
8.12.2022
Uncertainty and a lack of communication were among the complaints of Koinly employees laid off in recent months before the company made an official announcement
GameStop Gets Into Holiday Spirit With More Layoffs
5.12.2022
In the spirit of Christmas and the ruthless pursuit of meme stock shareholder value, GameStop carried out its latest round of layoffs on Monday ahead of its new earnings report, which is due out later this week. The cuts reportedly hit staff working on the company’s crypto push, as well as a number...
Crypto layoffs trigger mixed responses from the community
5.12.2022
From giving encouragement to trying to recruit the laid-off staff, crypto community members posted various responses to recent crypto layoffs
Bybit announces second round of layoffs in 2022 to survive bear market
4.12.2022
Ben Zhou, the co-founder and CEO of Bybit, announced a reorganization plan amid a prolonged bear market, which involves a steep reduction in the workforce
Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff
29.11.2022
With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the...
Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
29.11.2022
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies
Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%
28.11.2022
As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly told its customers it is ‘not going anywhere...
FTX bankruptcy freezes millions worth of crypto company funds
16.11.2022
Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States
FTX collapse could see crypto sector layoffs accelerate
15.11.2022
While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”
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 joins big tech layoffs, lets go of 11,000 employees
9.11.2022
The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history
Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
7.11.2022
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division
Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day
6.11.2022
Tesla CEO and Twitter chief Elon Musk has begun massive layoffs at the social media company. The billionaire explained that there is no choice since Twitter is losing over $4 million a day. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though...
Don’t Mistake Tech Layoffs for a Recession
4.11.2022
If job numbers are so strong, why all the layoffs in technology?
Elon Musk faces class-action suit over mass Twitter layoffs
4.11.2022
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.”
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
First Mover Americas: Bitcoin, Ether Slip Ahead of Fed
2.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 2, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Huobi Crypto Exchange Denies Mass Layoffs and Exec Resignations
1.11.2022
Major crypto exchange Huobi Global has denied mass layoff claims and allegations that two of its top executives have resigned.
In a tweet on October 29, prominent Chinese journalist Colin Wu claimed that the company’s CEO Leon Li and chief financial officer Chris Lee have resigned. Citing people...