Binance ‘not planning any layoffs,’ 500 roles to be filled in H1
A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs. Go to Source Powered by WPeMatico
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Crypto layoffs decelerate, with layoffs falling to 570 in February
The number is a stark contrast to over 2,900 employees from the crypto industry let go in January. Go to Source Powered by WPeMatico
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse … Read more
Meta Reportedly Preparing for a New Round of Layoffs
Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output of employees of the company. Meta to … Read more
Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn
Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol … Read more
Ebay Expands Into NFT and Web3 Space With New Job Openings
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June 2022. Big Corporations Still Seek Workers to Manage Crypto and Blockchain … Read more
Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise
It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January. Go to Source Powered by WPeMatico
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan … Read more
Microsoft Layoffs Reportedly Hit Key VR and Metaverse Teams
The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the progress of Microsoft in these … Read more
Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi Experiences Significant Withdrawals as Subsidiary Huobi Korea Looks to … Read more