Employees – DIGIT INFO

OpenAI staff tells board to resign after Sam Altman ousting: Report

505 out of 700 employees reportedly signed a letter stating that the board has undermined the company’s mission by firing Altman.

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Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal.

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Dev platform Stack Overflow axes 28% of staff as AI competition grows

The technology Q&A forum has seen declines in web traffic since the launch of ChatGPT in 2022.

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Chainalysis axes another 15% of staff citing difficult market conditions

The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper.

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Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’

Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks.

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Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February.

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Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. […]

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7,800 jobs at IBM could be replaced by AI within years, suggests CEO

Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period.

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Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder

Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors […]

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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured […]

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