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layoffs

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...
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...
Anchorage Digital prunes workforce by 20%, citing regulatory and market conditions
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19 March, 2023

Anchorage Digital prunes workforce by 20%, citing regulatory and market conditions

Anchorage Digital clarified that the layoffs do not stem from financial challenges, and affirms that they remain in good financial...
NFT marketplace Magic Eden announces layoffs amid Solana’s 85% price dip
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18 February, 2023

NFT marketplace Magic Eden announces layoffs amid Solana’s 85% price dip

Magic Eden has laid off 22 members of its staff as part of a wider company restructuring after Solana’s value...
Valkyrie lets go 30% of its staff amid chaos in the digital currency industry
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17 November, 2022

Valkyrie lets go 30% of its staff amid chaos in the digital currency industry

Valkyrie becomes the latest digital asset company to initiate a job cut as it grapples with unpleasant market conditions, with...
Meta begins mass layoffs—why?
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10 November, 2022

Meta begins mass layoffs—why?

Meta CEO Mark Zuckerberg proceeds with the company's mass layoffs following a turbulent year and his desire to create a...
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