Staff Cuts – DIGIT INFO

Silvergate begins NYSE delisting process as it readies to cut 230 staff

DIGIT — Fri, 12 May 2023 01:32:38 +0000

The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.

Go to Source

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.

Go to Source

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

DIGIT — Sat, 28 Jan 2023 07:30:41 +0000

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 […]

Go to Source

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

DIGIT — Fri, 06 Jan 2023 19:30:13 +0000

The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans […]

Go to Source

GameStop to drop crypto efforts as Q3 losses near $95M

DIGIT — Fri, 09 Dec 2022 03:00:32 +0000

The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans.

Go to Source

Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

DIGIT — Tue, 29 Nov 2022 04:56:18 +0000

Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.

Go to Source

Meta reportedly plans ‘large-scale layoffs,’ but what of its metaverse division?

DIGIT — Mon, 07 Nov 2022 03:20:31 +0000

As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.

Go to Source