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Mike Belshe, CEO of the company, stressed that these changes resulted from a pivot to security, trading, stablecoins, and AI-powered infrastructure. The move would affect nearly 90 employees, reducing Bitgo’s total headcount to nearly 520. Crypto Custody Company Bitgo Announces Layoffs Bitgo, a company that offers staking, trading, OTC services, financing, settlement, and provides custody … Read more
The Ethereum Foundation (EF) announced Tuesday it is cutting 54 employees, roughly 20% of its workforce, as part of a months-long reorganization designed to sharpen its focus on what it calls the critical work only the EF can do. Leaner Structure, Narrower Focus The foundation published a formal post from EF management outlining the new … Read more
Crypto data firm Dune has laid off 25% of its workforce, with CEO Fredrik Haga citing a sharpened focus on artificial intelligence (AI)-powered data tools and institutional clients moving onchain. Dune Cuts 25% of Staff, Bets Future on AI and Institutional Onchain Data Haga announced the cuts this week, framing the decision as a restructuring … Read more
On Thursday, Crypto.com said it has reduced its workforce by roughly 12% as it accelerates an enterprise-wide push into artificial intelligence, according to a statement from CEO Kris Marszalek. Job Cuts Follow Enterprise-Wide AI Adoption Plan The announcement came via a post on X, where Marszalek framed the layoffs as part of a broader strategic … Read more
Block Inc. will cut more than 4,000 jobs, reducing its workforce by nearly half as CEO Jack Dorsey calls it one of the hardest decisions in the company’s history. Block Slashes More Than 4,000 Roles in Companywide Restructuring Block founder Jack Dorsey announced on Thursday, 12 minutes after markets closed, that it will reduce its … Read more
Kraken hinted that its managerial structure would be reformed, without explaining the details. Go to Source
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and … Read more
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off 65 employees, which accounts for 20% of its staff. The information was … Read more
The technology Q&A forum has seen declines in web traffic since the launch of ChatGPT in 2022. Go to Source
The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper. Go to Source