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The NFT marketplace is restructuring its team to align with strategic goals for 2023.
It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January.
Wyre said it would continue operating normally and resume accepting deposits.
Continue reading Wyre to Relax Withdrawal Limit After “Strategic Partner” Funding at DailyCoin.com.
The price of Cronos (CRO) token has maintained its bullish trajectory even as Crypto.com announces 20% layoffs. In the company’s announcement, the CEO and co-founder of Crypto.com, Kris Marszalek, the company “made the difficult decision to reduce our global workforce by approximately 20%.” In a post on Twitter, the CEO congratulated those impacted saying: Are ... Read more
<p>The post Cronos (CRO) price up as Crypto.com announces layoffs | Invezz first appeared on CCNC.</p>
Coinbase, the largest cryptocurrency exchange in the United States, announced a major restructuring plan that will help it weather the broader crypto market downturn.
The post Coinbase lays off 950 employees appeared first on CryptoSlate.
Cryptocurrency exchange Huobi has confirmed planned layoffs at the company as part of the measures being taken to navigate the tough market conditions. The news comes as the native Huobi Token (HT/USD) traded at lows of $4.70, down more than 11% in the past week. Huobi to slash 20% of employees Reuters reported on Friday ... Read more
<p>The post Huobi confirms 20% lay-offs as Justin Sun downplays latest FUD | Invezz first appeared on CCNC.</p>
As per reports, the Wyre CEO informed employees in an email that the company would liquidate, terminating their employment.
As a precaution against the worst-case scenario inflicted by the collapse of FTX, the Swyftx dismissed 90 workers.
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.
Web 3.0 Play to Earn game developer falls victim to market conditions, holds off on making new games, and restructures.
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.”
There are still pockets of hope, however, with some companies looking to expand despite the market conditions.
WazirX has joined the growing list of crypto firms reducing headcount amid the ongoing market crash (Read More)
OSL and Abra have announced job cuts as they grapple with slowing growth triggered by harsh reality facing the crypto market. (Read More)
Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either.
Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”
Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is letting 10% of its staff go as it sees a significant drop in trading activity.
The post Gemini reducing staff by 10% to survive ‘crypto winter’ appeared first on CryptoSlate.
Anchorage Digital has laid off 75 employees, citing regulatory uncertainty and market volatility. The crypto bank expressed confidence in the digital asset landscape but acknowledged headwinds for its business and the crypto industry. (Read More)
Lazerpay, a Nigerian crypto and Web3 company, announced its shutdown due to a lack of funding. Founder Emmanuel Njoku emphasized the impact Lazerpay had in the crypto ecosystem and recommended users withdraw their funds by April 30. The company is also inviting offers to purchase its intellectual property. (Read More)
It’s unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the United States banking sector.
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