Latest layoffs News

Business 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 nearly $60 million in 2019.

Business 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.

Business 3 January 2020

Bitmain prepares for BTC halving with more layoffs

Bitmain laying off 50% of its staff suggests the upcoming BTC halving may not be as lucrative as many would hope.

Business 22 May 2019

Goldman Sachs-backed Circle forced to downsize

The firm has announced that it needs to reduce expenses and one of the easiest ways to make this happen is to cut personnel.

Business 24 April 2019

Trouble ahead? Coinbase shuts down Chicago office

The location was expected to help the company expand its portfolio of cryptocurrency trading products and take advantage of the city’s financial expertise.

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