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3232Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’
https://www.digit.info/opensea-cuts-20-of-the-nft-markets-staff-citing-crypto-winter-and-macroeconomic-instability/
Fri, 15 Jul 2022 18:30:33 +0000https://www.digit.info/2022/07/15/opensea-cuts-20-of-the-nft-markets-staff-citing-crypto-winter-and-macroeconomic-instability/Read more]]>The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows the startup surpassing $31 billion in all-time NFT sales volume, and the […]
]]>Crypto Lending Company Blockfi Cuts Staff by 20%
https://www.digit.info/crypto-lending-company-blockfi-cuts-staff-by-20/
Mon, 13 Jun 2022 21:49:48 +0000https://www.digit.info/2022/06/13/crypto-lending-company-blockfi-cuts-staff-by-20/Read more]]>On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to […]
]]>Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms
https://www.digit.info/layoffs-spread-across-the-blockchain-industry-as-bear-market-cycle-impacts-crypto-firms/
Sat, 04 Jun 2022 19:00:50 +0000https://www.digit.info/2022/06/04/layoffs-spread-across-the-blockchain-industry-as-bear-market-cycle-impacts-crypto-firms/Read more]]>As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s […]
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows the startup surpassing $31 billion in all-time NFT sales volume, and the […]
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to […]
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s […]