News with the tag "Job Cut"

Kraken job cut announced Wednesday it's laying off 15% of its workforce, 400 jobs total, part of a corporate restructuring.

Sony Group announced on Tuesday that the firm will be cutting jobs from its video gaming department. According to reports by Bloomberg, Sony will be laying off around 900 people, or roughly 8% of the workforce. The reason for the job cuts arose on the ground of “game companies facing a post-pandemic...

Crypto startup Fireblocks has decided to slash jobs as the firm undergoes restructuring. According to a Bloomberg report, Fireblocks is planning to lay off nearly 3% of its workforce. The move echoes in tandem with other market players with Polygon Labs and SNAP token creator also announcing job cut...

Creator of the SNAP token, company Snap on Monday said that it will be laying off around 10% of its staff. According to a report by Reuters, Snap is currently in the process of laying off around 528 workers, joining other peers in the tech and financial sector who also announced workforce reduction....

In a tumultuous start to 2024, Silicon Valley finds itself grappling with an unexpected surge in job cuts, echoing concerns reminiscent of the dot-com bubble era. Over 25,000 jobs have been lost within the first few weeks, sending shockwaves through the tech industry. Analysts point to a multitude o...

Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal.

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 of a persistent bear market and increased regulatory ...

Ledger, a renowned crypto hardware wallet manufacturer, announces a 12% reduction in its workforce in response to economic challenges.

Top blockchain security and data firm, Chainalysis has instituted a 15% cut in its total workforce citing harsh bear market conditions The post Chainalysis Cut Back on Headcount by 15% as Bear Market Rages On appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

“Spending way more than we earn” — CEO Tim Sweeney blamed job cuts on major structural changes to the company’s economics.