News with the tag "layoffs"

The world of Artificial Intelligence is on a relentless march forward, constantly pushing boundaries and promising groundbreaking innovations. But a recent development in the US has sent ripples of concern through the AI community and beyond. The Trump Administration’s recent budget cuts are casting...

Silicon Valley witnessed another dramatic turn in the ever-evolving AI acquisition landscape this week. Humane, once a celebrated AI hardware startup known for its ambitious AI Pin, has been partially acquired by tech giant HP for a mere $116 million – a stark contrast to the $240 million it raised ...

In a dramatic turn of events for the cryptocurrency world, Strategy, formerly known as MicroStrategy, has revealed a significant reduction in its workforce. According to a recent MarketWatch report, the company slashed its employee count by a staggering 20.7% in 2024. This move brings their total he...

Circle Internet Financial, issuer of the world's second largest stablecoin USD Coin (USDC), has made some layoffs as part of a regular review of its operations, Bloomberg reported on Thursday. The job cuts amount to "less than 6% of Circle's workforce," according to the report, citing a company spok...

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.

Sky Mavis workforce layoffs impact 21% of staff as the Axie Infinity developer announces strategic changes, aiming for growth and innovation by 2025. Read original article on coincu.com

Kraken hinted that its managerial structure would be reformed, without explaining the details.

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.

“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.

The Nova Labs layoffs affected about 105 employees because the company was supposedly refocusing on its core cellular business and crypto-centered phone plans.