Lay offs News

CoinDesk CEO Kevin Worth was fired as part of a large-scale restructuring. According to CoinDesk, Worth, who has led crypto media since 2017, lost his job due to a restructuring initiated by the new owner of the media, event, and…

Epic Games, the company behind the popular video game Fortnite, announced that it would be laying off some of its employees due to expenses exceeding revenue

Binance US, the American subsidiary of the crypto exchange giant, has laid off 100 employees, or a third of its staff, following the departure of its CEO. Bloomberg reports that the former CEO, Brian Shroder, who joined Binance in September…

CoinDCX, a top Indian cryptocurrency exchange, is slashing 12% of its staff as a prolonged bear market and the nation’s tax policies impact revenue. Founded in 2018 by Neeraj Khandelwal and Sumit Gupta, the Mumbai-based cryptocurrency exchange employs approximately 590…

Dapper Labs announces layoffs of 51 colleagues in a bid to ensure a lean and innovative future. This comes as the second round of lay-offs within a years time.

The crippling crypto winter has necessitated massive layoffs across all industry sectors. But despite those, the employment rate has hit a record high this year. Crypto winter not slowing down Web3 projects Since the beginning of the crypto winter earlier…

The beleaguered crypto lender Hodlnaut has announced major layoffs and has applied to be placed under judicial management due to bleak financial circumstances. Hodlnaut Lays off 80% Staff Singaporean crypto lender Hodlnaut has laid off the majority of its employees…

Cryptocurrency lending platform Celsius has fired about a quarter of its workforce, days after assuring customers that it is working hard to fix its withdrawals and liquidity issues, according to reports on July 3, 2022. Celsius in Troubled Waters Citing…

Rain Financial Inc., has laid off a good number of its employees. The crypto exchange says the current slump in the price of bitcoin (BTC) and other digital currencies has made it impossible for it to sustain its workforce. The…

According to a report published by Finance Magnets, on December 24, 2018, Bitcoin mining behemoth Bitmain has sacked its entire Copernicus team, which was responsible for the development of the firm’s Bitcoin Cash client. Bitmain to Cut its Workforce by…