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layoff

Brazil: Mercado Bitcoin’s parent company cuts workforce for second time in 2022

Wahid Pessarlay

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8 September, 2022

Brazil: Mercado Bitcoin’s parent company cuts workforce for second time in 2022

2TM blames the dire global financial conditions and the lack of proper digital asset regulations for its underwhelming performance this...

Coinbase-backed Rain Financial dismisses more employees as digital asset market slump continues

Wahid Pessarlay

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6 September, 2022

Coinbase-backed Rain Financial dismisses more employees as digital asset market slump continues

The company cites the persisting price slump in the digital asset market with Rain's co-founder and CEO, noting that the...

Robinhood lays off quarter of its workforce amid 75% dip in digital currency revenue

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8 August, 2022

Robinhood lays off quarter of its workforce amid 75% dip in digital currency revenue

CEO Vlad Tenev took the blame for the layoffs, saying the company projected the high interest in its platform during...

CoinFLEX exchange cuts staff amid $84M margin call dispute with Roger Ver

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2 August, 2022

CoinFLEX exchange cuts staff amid $84M margin call dispute with Roger Ver

The cuts will reduce overheads by up to 60%, CoinFLEX says, further hinting at acquisition possibility even as its $84...

More Gemini staff faces layoffs in exchange’s ‘extreme cost cutting’ measures: report

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20 July, 2022

More Gemini staff faces layoffs in exchange’s ‘extreme cost cutting’ measures: report

A source with insider knowledge told TechCrunch that the exchange plans to cut down from 950 employees to 800 in...

NFT marketplace OpenSea lays off 20% of staff cites bear market

Wahid Pessarlay

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19 July, 2022

NFT marketplace OpenSea lays off 20% of staff cites bear market

Devin Finzer attributed the decision to the "crypto winter and broad macroeconomic instability," stating that they need to prepare the...

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Should money be the number one use for Bitcoin?

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