Layoff

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...
BitGo cuts 12% of staff in a company-wide reorganization
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20 April, 2020

BitGo cuts 12% of staff in a company-wide reorganization

Claiming they had to cut staff to prepare for their future ambitions, departments all over BitGo are now seeing cuts.
Job losses loom at Bitfarms due to coronavirus
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8 April, 2020

Job losses loom at Bitfarms due to coronavirus

The reduction in staffing comes amid a raft of other measures designed to reduce costs and maintain “long-term viability.”
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