Robinhood to axe 7% of full-time staff in latest round of layoffs: Report

Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year.  According to an internal company message seen by The Wall Street Journal, Robinhood Chief Financial Officer Jason Warnick reportedly wrote that the cuts were [...]

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KuCoin denies mass layoffs, says cuts are part of ‘normal’ operations

Cryptocurrency exchange KuCoin has shut down rumors suggesting it was preparing to lay off 30% of its workforce — a figure that amounts to approximately 300 staff — in the coming weeks. “We want to clarify that KuCoin has not initiated any alleged layoff plans,” a KuCoin spokesperson told Cointelegraph, adding that that any potential [...]

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Layoffs Sweep Through Web3 as Firms Seek to Survive Crypto Winter

More web3 firms are reportedly announcing employee layoffs, indicating that the crypto winter effect is still being experienced by the industry.

The post Layoffs Sweep Through Web3 as Firms Seek to Survive Crypto Winter appeared first on BitPinas.

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Magic Eden ‘Restructuring’ Effort Claims 22 Jobs

The NFT marketplace is restructuring its team to align with strategic goals for 2023.

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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.

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Wyre to Relax Withdrawal Limit After “Strategic Partner” Funding

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.

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Cronos (CRO) price up as Crypto.com announces layoffs | Invezz

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

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Coinbase lays off 950 employees

Coinbase, the largest cryptocurrency exchange in the United States, announced a major restructuring plan that will help it weather the broader crypto market downturn.

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Huobi confirms 20% lay-offs as Justin Sun downplays latest FUD | Invezz

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

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Crypto Payment Firm Wyre May Shut Down its Services in January: Reports

As per reports, the Wyre CEO informed employees in an email that the company would liquidate, terminating their employment.

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Crypto Exchange Swyftx Dismisses 40% of its Workforce Amidst Poor Market Conditions

As a precaution against the worst-case scenario inflicted by the collapse of FTX, the Swyftx dismissed 90 workers.

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

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

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Splinterlands to Reduce Team Size By 45%, Points at Current Market Conditions

Web 3.0 Play to Earn game developer falls victim to market conditions, holds off on making new games, and restructures.

Continue reading Splinterlands to Reduce Team Size By 45%, Points at Current Market Conditions at DailyCoin.com.

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FTX collapse could see crypto sector layoffs accelerate

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.”

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Moonvember kicks off with sweeping staff layoffs across crypto

There are still pockets of hope, however, with some companies looking to expand despite the market conditions.

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India’s WazirX Lays Off 40% Of Workforce, Triggered by Market Hardship

WazirX has joined the growing list of crypto firms reducing headcount amid the ongoing market crash (Read More)

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Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs

OSL and Abra have announced job cuts as they grapple with slowing growth triggered by harsh reality facing the crypto market. (Read More)

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Worst quarter in 11 years as Bitcoin price and activity plunges

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.

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Crypto.com gets nod in Dubai and FTX launches in Japan

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.”

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Gemini reducing staff by 10% to survive ‘crypto winter’

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.

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