Layoff

Meta reins in metaverse ambitions, cuts budget by 20%
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26 July, 2024

Meta reins in metaverse ambitions, cuts budget by 20%

Meta has instructed Reality Labs to cut its budget by 20% by 2026, just weeks after reorganizing its metaverse division...
Ava Labs lays off ‘substantial’ portion of its workforce
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8 November, 2023

Ava Labs lays off ‘substantial’ portion of its workforce

Ava Labs founder Emin Gün Sirer confirmed on X that there was a ‘reduction in force’ at the blockchain company,...
NFT marketplace OpenSea lays off 50% of staff
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7 November, 2023

NFT marketplace OpenSea lays off 50% of staff

CEO Devin Finzer says the company is set to launch OpenSea 2.0, which calls for “a smaller team with a...
R3 blockchain lays off a fifth of its employees
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21 September, 2023

R3 blockchain lays off a fifth of its employees

R3 slashed the jobs to “maintain a strong operating and financial position” at a time when blockchain funding has dried...
CoinSwitch, CoinDCX exchanges cut staff amid market slump
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3 September, 2023

CoinSwitch, CoinDCX exchanges cut staff amid market slump

Indian digital currency exchange Coinswitch is diversifying its financial products in an attempt to remain afloat, a move initiated following...
Google accused of firing AI contract staff in ‘retaliatory’ move against unionizing
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10 August, 2023

Google accused of firing AI contract staff in ‘retaliatory’ move against unionizing

Alphabet Workers Union takes legal action against Google and Accenture, alleging violation of federal labor laws following a significant employee...
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