job cuts – DIGIT INFO

German newspaper giant denies reports of replacing editors with AI

DIGIT — Wed, 21 Jun 2023 05:53:46 +0000

Artificial intelligence will soon make its appearance in one of Europe’s best-selling tabloid newspapers, but only to support journalistic work, not replace it.

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Crypto layoffs decelerate, with layoffs falling to 570 in February

DIGIT — Wed, 01 Mar 2023 03:46:49 +0000

The number is a stark contrast to over 2,900 employees from the crypto industry let go in January.

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Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

DIGIT — Sat, 04 Feb 2023 02:45:45 +0000

Crypto execs suggested that the “extremely challenging” times forced them to cut jobs in order to “weather this extended” crypto winter.

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Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise

DIGIT — Tue, 31 Jan 2023 06:08:02 +0000

It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January.

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FTX collapse could see crypto sector layoffs accelerate

DIGIT — Tue, 15 Nov 2022 05:54:42 +0000

While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”

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Life after crypto biz: Retrenched staff ponder future in the job market

DIGIT — Wed, 20 Jul 2022 11:45:56 +0000

Workers weigh up their futures in the cryptocurrency economy as tough market conditions lead to more staff cuts at prominent firms.

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Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed

DIGIT — Wed, 22 Apr 2020 00:00:19 +0000

Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town hall meeting on April 20, reports say. The […]

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Banks Are Cutting 75,700 Jobs Worldwide

DIGIT — Wed, 04 Dec 2019 12:30:51 +0000

Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have forced […]

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Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

DIGIT — Mon, 30 Sep 2019 10:08:37 +0000

Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Almost 60,000 Job […]

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Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide

DIGIT — Fri, 09 Aug 2019 00:00:12 +0000

Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing […]

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