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01-31-2025
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Layoff

Coinbase turfs 18% of its workforce as ‘crypto’ winter freezes Armstrong’s heart
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17 June, 2022

Coinbase turfs 18% of its workforce as ‘crypto’ winter freezes Armstrong’s heart

Coinbase has tossed nearly one-fifth of its workforce overboard as the struggling digital currency exchange struggles to stay afloat following...
BlockFi cuts 20% of workforce citing market downturn
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16 June, 2022

BlockFi cuts 20% of workforce citing market downturn

BlockFi founders Zac Prince and Flori Marquez said that "market conditions that have had a negative impact on our growth...
Coinbase-backed Rain exchange in the Middle East lays off employees amid digital currency sell-off
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7 June, 2022

Coinbase-backed Rain exchange in the Middle East lays off employees amid digital currency sell-off

Rain Financial Inc., described as one of the biggest digital currency exchanges in the Middle East, says the layoffs were...
Robinhood axes 9% of full-time employees
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28 April, 2022

Robinhood axes 9% of full-time employees

The layoffs will help Robinhood to improve efficiency, increase velocity, and ensure that it can adapt to changing needs of...
Bitmain lost money in 2019, lawyers tell court in China
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22 December, 2020

Bitmain lost money in 2019, lawyers tell court in China

Lawyers representing Bitmain Technologies disclosed at a recent court hearing that the ASIC mining hardware manufacturer recorded a loss of...
Wirecard lays off over 50% of staff amid insolvency process
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27 August, 2020

Wirecard lays off over 50% of staff amid insolvency process

The firm is planning to let go of 730 of the 1,300 workers at its Aschheim office, cutting its total...
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