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.
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 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.
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.
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.
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.
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.
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.
Amber terminated the contracts of 40 individuals across several departments in its Hong Kong office, including risk management, IT, and the entire audit and compliance unit.
The ConsenSys layoffs will affect 96 employees across several teams, which CEO Joseph Lubin says was caused by certain "poorly behaved" centralized actors.
Singapore-based Crypto.com announced that it would lay off 20% of its workforce, just days after Silicon Valley exchange Coinbase announced further layoffs.
The cuts amount to 950 people, on top of the 1,100 Coinbase cut back in June; its CEO Brian Armstrong says the layoffs are part of a plan to cut operating expenses by 25%.
A Wall Street Journal report suggests the layoffs could be as high as 60 individuals, with insiders with knowledge of the matter noting the terminations cut across several departments.