Kraken restructures with new co-CEO, layoffs reported
[Oct 30 7:54 PM] Kraken hinted that its managerial structure would be reformed, without explaining the details.
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Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’
[Oct 29 1:56 PM] “Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post.
Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift
[Sep 3 7:16 PM] Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO…
Matter Labs Restructures to Meet Changing Demands, Lays Off 16% of Team
[Sep 3 2:23 PM] The company made the move to adapt to "the different type of technology and support" that developers building on ZKsync now require.
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
[Jun 16 10:39 AM] According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by…
Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’
[Feb 2 11:30 PM] As part of its strategy to recalibrate and enhance operational performance, Polygon Labs will be reducing its workforce by 60, marking a 19% cut. This decision, shared by CEO Marc Boiron, aims at maintaining a lean and efficient team. Polygon Labs…
Dev platform Stack Overflow axes 28% of staff as AI competition grows
[Oct 16, 2023 10:33 PM] The technology Q&A forum has seen declines in web traffic since the launch of ChatGPT in 2022.
Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts
[Oct 7, 2023 2:30 AM] Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop…
Crypto Custody Firm Ledger Cuts 12% of Staff
[Oct 5, 2023 11:34 AM] The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
Chainalysis axes another 15% of staff citing difficult market conditions
[Oct 2, 2023 9:27 PM] The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper.
Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
[Oct 2, 2023 7:20 AM] Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company.
Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition
[Sep 29, 2023 2:33 AM] The game's growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is shared around more.
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
[Sep 19, 2023 3:49 PM] The company filed for bankruptcy in August.
Binance US CEO Is ‘Taking Deserved Break,’ CZ Seeks to Downplay Executive Exodus
[Sep 17, 2023 4:30 AM] Binance founder Changpeng Zhao has commented on the latest executive departures from his company’s American branch. The changes in the U.S. crypto trading firm’s management, including the release of its chief executive, followed similar…
Another 2 Binance US Executives Leave Crypto Exchange, Report
[Sep 16, 2023 3:00 AM] Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory…
Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs
[Sep 15, 2023 12:00 AM] Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency…
Another Executive Exits Binance Amid Regulatory Scrutiny
[Sep 6, 2023 5:30 AM] Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the…
Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums
[Aug 29, 2023 3:19 AM] The crypto investment platform laid off 44 people, or nearly 7% of its employees, about three weeks ago.
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
[Aug 11, 2023 9:45 AM] Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
NFT Now Cuts Jobs in Restructuring Move
[Jul 31, 2023 10:21 AM] Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend.
Crypto Exchange KuCoin to 'Adjust Some Personnel as Needed', but Denies Report of Major Layoffs
[Jul 25, 2023 9:10 AM] A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.
Binance Slashes Worker Benefits as Profit Falls: WSJ
[Jul 17, 2023 10:55 AM] Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
[Jul 15, 2023 2:00 PM] Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was…
Binance Has Cut 1,000 Workers in Recent Weeks: WSJ
[Jul 14, 2023 10:50 AM] Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Dapper Labs Lays Off 51 as NFT Market Stays Chilly
[Jul 12, 2023 11:51 PM] Dapper Labs made prior cuts in February and November.
Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally
[Jul 12, 2023 11:51 AM] Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday.
Binance CEO Changpeng Zhao Reveals His Secret for Building ‘Tight Teams’: External Pressure
[Jul 12, 2023 1:30 AM] Changpeng Zhao, CEO of Binance, the largest cryptocurrency exchange in volume traded, has revealed his secret for building a comprehensive team of employees for any startup. According to Zhao, external pressure has contributed to the unity of the…
Robinhood Sheds Jobs for Third Time Since April 2022: WSJ
[Jun 27, 2023 4:04 AM] Trading platform Robinhood (HOOD) has cut 7% of its full-time staff, about 150 employees, in the third round of layoffs since April 2022.
German newspaper giant to axe old-school editorial staff for AI
[Jun 20, 2023 11:53 PM] Artificial intelligence will soon make its appearance in one of Europe’s best-selling tabloid newspapers.
Binance.US Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’
[Jun 15, 2023 12:53 PM] Binance cuts staff.