BitOasis disclosed laying off about five percent of its employees, which the CEO and Co-Founder, Ola Doudin, said is equivalent to nine employees across its offices in Dubai, Abu Dhabi, and Amman.
Gone in 60 seconds! This is what happened when Bitcoin-powered Twetch dropped its latest NFT collection, "Cozy Hoodie," during its launch on Wednesday this week.
CoinGeek has obtained a document that purports to be an early draft of the ‘Kraken Culture Explained’ manifesto that the U.S.-based cryptocurrency exchange Kraken released last week. CoinGeek makes no claims regarding the veracity of the following text.
Coinbase has tossed nearly one-fifth of its workforce overboard as the struggling digital currency exchange struggles to stay afloat following inept leadership decisions.
BlockFi founders Zac Prince and Flori Marquez said that "market conditions that have had a negative impact on our growth rate," driving their decision to make the job cuts.
Rain Financial Inc., described as one of the biggest digital currency exchanges in the Middle East, says the layoffs were necessitated by the market downturn.
The layoffs will help Robinhood to improve efficiency, increase velocity, and ensure that it can adapt to changing needs of users, according to the company.
The firm is planning to let go of 730 of the 1,300 workers at its Aschheim office, cutting its total number of employees down to 570.
The reduction in staffing comes amid a raft of other measures designed to reduce costs and maintain “long-term viability.”
Sirin hasn’t been able to make the sales they thought they would with the down market, and now staff are paying the price.