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Report: Jump Trading Cuts Ties With Wormhole Amid Staff Reductions

19.11.2023
Based on a recent report, Jump Trading Group, known for its focus on algorithmic and high-frequency trading techniques, has reportedly severed ties with the Wormhole crypto initiative, known for its cross-chain communication services. Last year saw Wormhole suffer a significant loss of 120,000...

Nigeria’s Fintech Startup Paystack Cuts Workforce, 33 Employees to Depart

18.11.2023
The Nigerian fintech startup, Paystack, will be scaling down its operations outside Africa. In addition, Paystack will part ways with at least 33 employees based in Europe and the United Arab Emirates. Co-founder Shola Akinlade has promised to help affected employees secure new roles elsewhere....

OpenSea Investor Coatue Cuts NFT Marketplace's Valuation by 90%: Report

8.11.2023
Coatue also marked down its stake in MoonPay by 90%

Ava Labs Cuts Staff by 12% to Reallocate Resources for ‘Growth’ – Here’s the Latest

7.11.2023
Source: AdobeStock / freshidea Ava Labs, the team behind the Avalanche ( AVAX) blockchain, has confirmed a 12% reduction in its workforce citing the need to reallocate resources as the driving force behind the staff cuts. Emin Gün Sirer, founder and CEO of Ava Labs, announced the news in a recent...

Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

7.11.2023
Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal

NFT Marketplace OpenSea Cuts Staff

3.11.2023
Tk

Destiny 2 Fans Worry About The Future After Cuts And Delays

31.10.2023
“Deep Stone Lullaby is the most gorgeous piece of game music that you’ve never heard,” wrote PC Gamer’s Tim Clark back in 2021. The “melancholy slice of sci-fi magic” was tucked away inside the raid for Destiny 2’s Beyond Light expansion, one of the multiplayer shooter’s end-game activities that...

HTX's Justin Sun claims record profits despite staff cuts

26.10.2023
The blockchain personality claims that his exchange recorded a profit of $98 million in Q3 2023

Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts

7.10.2023
Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory...

Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more...

7.10.2023
Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team

Crypto Custody Firm Ledger Cuts 12% of Staff

5.10.2023
The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts

Blockchain Analytics Firm Chainalysis Cuts 15% of Staff

3.10.2023
This is the second round of layoffs by the analytics firm in less than 12 months

Epic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions

29.9.2023
“Spending way more than we earn” — CEO Tim Sweeney blamed job cuts on major structural changes to the company’s economics

Curve Finance founder cuts debt to $42.7M, settles entire Aave loan

27.9.2023
Curve Finance founder Michael Egorov still has debt of $42.7 million across four protocols including Silo, Fraxlend, Inverse and Cream

Binance US CEO Is ‘Taking Deserved Break,’ CZ Seeks to Downplay Executive Exodus

17.9.2023
Binance founder Changpeng Zhao has commented on the latest executive departures from his company’s American branch. The changes in the U.S. crypto trading firm’s management, including the release of its chief executive, followed similar developments at the global exchange. CZ Urges Followers...

Another 2 Binance US Executives Leave Crypto Exchange, Report

16.9.2023
Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business. Binance US Legal...

Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs

15.9.2023
Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs...