Layoff
- Crypto Exchanges
Scammers Exploit FTX Collapse with FUD Tokens, Warns Restructuring Team
The team in charge of restructuring the bankrupt FTX cryptocurrency exchange has cautioned investors about fraudulent tokens that may exploit…
Read More » - Crypto Exchanges
Kraken Ceases Abu Dhabi Operations Amidst Cryptocurrency Exchange Consolidation
Following the obtainment of a local license, Kraken, a cryptocurrency exchange, has closed its Abu Dhabi office after being open…
Read More » - Metaverse
Meta Metaverse Division Loses $13.72 Billion in 2022, Remains Key Priority for the Company
Meta’s stock price increased by over 18% during Wednesday’s after-hours trading, due to a better-than-anticipated quarterly earnings report. However, the…
Read More » - Metaverse
Microsoft Retreats from the Metaverse, Announces Layoff of 10,000 Employees
As the new year begins, the trend of widespread layoffs from last year continues. Many tech companies such as Google,…
Read More » - Companies
Huobi Korea to Distance Itself from Global Parent Company and Rebrand
According to New1, a South Korean media source, cryptocurrency exchange platform, Huobi Korea, is planning to acquire shares from its…
Read More » - Companies
Genesis Trading Trims Workforce by 30% in New Layoff Round
Genesis Trading has reportedly cut its workforce by 30% in a second round of layoffs in less than six months,…
Read More » - Global News
Bybit is on a Layoff Spree, Gemini Fights to Recover $900M from Genesis, and Genesis Loans Fly
Just when you think the FTX crash domino effect is over, more drama hits hard. With Bybit laying off 30%…
Read More » - Crypto Exchanges
Layoffs, Frozen Assets and Attempt to Sell Assets Without SBF’s Approval; The FTX Domino Effect Continues
It hasn’t been an easy week, that’s the least one could say. In fact, the FTX/Binance war continues to haunt…
Read More » - Companies
Meta Plans Mass Layoff, Letting Go of More Than 11000 Employees
Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg said in a letter to employees on…
Read More » - Metaverse
Meta to Begin Layoffs This Week After Losing 70% in Share Price While Chasing the Metaverse
Meta, the owner of Facebook and Instagram, will begin large-scale layoffs this week, according to the Wall Street Journal. The company has watched its share…
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