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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...
Huobi Global denies ‘large-scale layoffs’ and key exec resignations
1.11.2022
A spokesperson from Huobi Global says rumours of layoffs are "untrue" and the "senior management team is performing their duties as per normal."
Tech talent migrates to Web3 as large companies face layoffs
30.10.2022
Web3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes
Xplay Host Frosk Out At G4 A Week After Layoffs
20.9.2022
A week after big layoffs rocked the network, Kotaku has learned that Xplay host, Indiana “Froskurinn” Black, is no longer with G4. Comcast, G4's parent company, bought out the remainder of her contract, according to two sources familiar with the business. The news was announced internally...
Tencent Guts Its Gaming News Site, Firing Staff Without Warning
15.9.2022
Today layoffs hit the respected video game and entertainment website Fanbyte, with the site’s editor-in-chief and head of media among the list of staff who are now out of work. According to Fanbyte employees, the layoffs were a total shock, with some reporting that they had just worked with some...
G4TV Hit With Major Layoffs Less Than A Year After Coming Back
14.9.2022
At least somewhere between 15-20 staff were laid off at G4TV today, according to two sources familiar with business. The video game talk show network from the 2000s was resurrected last fall on streaming platforms like Twitch as well as cable TV, but now faces major upheaval less than a year later....
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...
Snapchat’s parent company shutters Web3 division amid layoffs
2.9.2022
The company said it will let go of its Web3 division to make way for restructuring after falling behind financial targets
Social Media Giant Snap Disbands Web3 Team Amid Mass Layoffs
1.9.2022
The company, which reported its lowest growth numbers in five years in the second quarter, will lay off a fifth of its staff
Second Round of Layoffs at Brazilian Crypto Unicorn 2TM
1.9.2022
2TM is the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation
Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations
14.8.2022
Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the withdrawals would be stopped for at least six months. The company has been investigated by...
First Mover Asia: Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike
28.7.2022
The bear market has forced multiple organizations to cut their workforces, hurting morale and weakening the companies; BTC, ETH soar
Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced
21.7.2022
According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC)....
Crypto Layoffs: OpenSea, Blockchain.com, Coinbase, Gemini Among Firms Forced to Make Mass Job Cuts
21.7.2022
As a bear market sweeps the crypto industry, CoinDesk is keeping a running list of industry players that have been forced to cut back on staff
Ex-Coinbase Manager Charged With Insider Trading, Layoffs at Blockchain.Com, KuCoin Raises USD 10M + More News
21.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Ex-Coinbase Manager Charged With Insider Trading, Layoffs at Blockchain.Com, KuCoin Raises USD 10M + More News
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%...
Argentinian Exchange Buenbit Launches Crypto Loans, Plans New Funding After Layoffs
18.7.2022
Users of the platform will be able to withdraw up to $3,333 in nuARS, a stablecoin tied to the Argentine peso, using MakerDAO’s DAI as collateral