News with the tag "Job Cuts"

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...

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...

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.

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

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 developments at the global exchange. CZ Urges Followers to Igno...

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 pressure that has damaged its business. Binance US Legal an...

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 exchange by daily trading volume. Shroder Departs Binan...

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 leading trading platform for digital assets under increas...