Ledger Faces Industry Downturn: Announces 12% Workforce Reduction
According to a recent report by Bloomberg, Ledger, a prominent hardware wallet manufacturer catering to crypto investors, has announced a 12% reduction in its workforce as part of a strategic effort to navigate an extended industry downturn. The decision comes in response to macroeconomic challenges that have hindered revenue generation, prompting the company to prioritize […]
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Co-Founder and CEO at popular non-fungible token (NFT) marketplace OpenSea, Devin Finzer, announced a reduction in the company’s workforce. The platform will let go of 20% of its staff to adjust to the current decline in the crypto industry. Related Reading | Snapchat To Test Features To Allow Users to Showcase NFTs The executive shared a […]
Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy for the company, just when it had announced its expansion to Colombia.
Crypto Exchange Bitso Lays Off Over 10% of Its Employees
Bitso, one of the first cryptocurrency unicorns in Latam, has announced it is taking measures to preserve the operation of the company during the current market....
Find out how DenverBitcoin’s previous exposure to the oil and gas industry led him to see the potential for waste reduction while participating in the bitcoin mining industry.
For the first time, Gemini Trust Co., a crypto exchange established by two brothers, Tyler and Cameron Winklevoss, has announced a 10% reduction in employment due to the overall industry decline. Gemini is a United States-based regulated crypto exchange established in 2014, providing services to its customers to trade digital currencies, including Bitcoin, Ethereum, and […]
Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital efficient,” and described the next steps the company will take moving forward. Meta Fires 13% of Workforce Mark Zuckerberg, CEO of Meta, the company previously known as Facebook, announced today the company would cut jobs for 13% of its workforce, letting go of more than 11,000 employees in....