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 not be "the right cultural fit."
Latest layoff News
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, who steered the consumer product unit operations.
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 turns to AI from metaverse.
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 bull market remain, though it may not likely be the same as before.
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” its strategy for the coming years.
Dapper Labs lays off another 20% of staff
Dapper Labs CEO Roham Gharegozlou announced the layoffs in an email to investors, just three months after the NBA Top Shots maker initially laid off 20% of its team.
Kraken shuts down Abu Dhabi office less than a year after launch
Kraken also laid off some employees in the MENA region and suspended AED but maintains that clients in the region will still have access to the platform.
Prime Trust lays off one-third of staff becoming the latest in a string of industry tragedies
Around 100 workers of Prime Trust were terminated as the firm faces financial woes brought about by COVID-19, with some sources saying the company also took a hit from the events in 2022.
Bittrex lays off 83 employees amid unfavorable macroeconomic market conditions
According to the ESD's Worker Adjustment and Retraining Notification (WARN), the terminations are expected to take effect on April 2 in line with the regulatory guidelines.
CoinTracker lays off 20% of its staff due amid dire economic conditions
The affected employees were offered 12 weeks of pay and health care coverage for three months, including the perks of allowing laid-off staff to remain shareholders of the firm.
Digital Currency Group-owned exchange Luno axes 35% of staff
It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry insiders view the growth prospects of exchanges in the near-term future.
Digital Currency Group’s Luno exchange cuts staff, Grayscale won’t cut fees
In a 'town hall' meeting on January 25, U.K.-based digital assets exchange Luno revealed that around 35% of them were out of a job.