Crypto.com cuts jobs as AI push reshapes crypto exchange workforce

Crypto. com has reduced its workforce by around 12% as the company accelerates a shift towards artificial intelligence across its operations. The Singapore-based exchange confirmed the layoffs on March 19, with CEO Kris Marszalek positioning the move as a necessary step to align with an AI-first business model.

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Is KuCoin About to Lay Off 30% of Its Workforce?

Crypto exchange KuCoin is reportedly laying off over 30% of its workforce, a move the company says is part of routine performance appraisals amid a broader trend of layoffs in the crypto industry.

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Singapore’s Crypto.com to Layoff 20% Of Its Global Workforce

Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the latest on the list today is Singapore-based cryptocurrency exchange, Crypto.

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Crypto.com to slash workforce by 20%

Crypto exchange platform Crypto dot com has moved to lay off about 20% of its global workforce.

The post Crypto.com to slash workforce by 20% appeared first on CryptoSlate.

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Robinhood lays off nearly a quarter of its workforce amid crypto winter

Commission-free stock, options, and cryptocurrency trading platform Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market. The post Robinhood lays off nearly a quarter of its workforce amid crypto winter appeared first on CryptoSlate.

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Robinhood cuts a further 23% of its workforce citing “Broad Crypto Market Crash”

Robinhood Markets Inc. (NASDAQ: HOOD), on Tuesday, announced that it will have to lay off a further 23% of its workforce after laying off 9% at the beginning of this year. The online brokerage firm blamed the declining crypto market for the drastic move.

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Blockchain.com to Slash Workforce by a Quarter, Sources Claim

Crypto exchange Blockchain.com will cut its workforce by 25%, according to multiple sources, reducing their 600 strong team by around 150. The post Blockchain.com to Slash Workforce by a Quarter, Sources Claim appeared first on BeInCrypto.

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Blockchain.com Cuts 25% of Its Workforce Amid Crypto Bear Market

Cryptocurrency exchange Blockchain.com is cutting 25% of its workforce, equating to about 150 people.

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Gemini Crypto Exchange Cuts More Staff in Second Round of Layoffs

Gemini has conducted another round of layoffs, according to a TechCrunch report. The company has reduced its workforce by an additional 7% as the effects of crypto winter continue to hit. The post Gemini Crypto Exchange Cuts More Staff in Second Round of Layoffs appeared first on BeInCrypto.

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Opensea Lays Off 20% of Staff, Fearing Crypto Winter

The Worlds top NFT marketplace Opensea lays off 20 percent of its workforce as a combination of a crypto winter and broad macroeconomic instability brings about a decline for crypto companies. We are all well aware of the crypto winter engulfing anything blockchain, including the related NFT industry.

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Crypto Winter Presses On: NFT Marketplace OpenSea Layoffs 20% Of Its Workforce

Co-Founder and CEO at popular non-fungible token (NFT) marketplace OpenSea, Devin Finzer, announced a reduction in the company’s workforce. The platform will let go of 20% of its staff to adjust to the current decline in the crypto industry.

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Chicago Based Brokerage Firm M1 Finance To Render Crypto Trading Services

The bear market has left a sour taste for crypto investors, and most are worrying about the current trend in the market. Many firms are also fighting to sustain operations amid issues of insolvency, liquidity shortage, and compulsory workforce downsizing.

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Bitcoin Hashrate Plummets Following Crypto Winter, What Will Follow Onwards?

The crypto winter keeps spreading to all sectors of the industry, especially resulting in Bitcoin failing to climb. Besides investors losing their funds due to price crashes, companies also downsize their workforce.

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Crypto Exchange Bullish.com Reportedly Cuts About 10% of Workforce

The company last week extended the deadline to complete its SPAC merger until the end of 2022.

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Crypto Winter Makes Celsius To Cut Its Workforce By 25%

Current downtrends in crypto prices have forced many digital asset service providers to reduce their staff to survive in a time when low trading volumes have reduced revenue. Despite the market currently facing significant lows, industry leaders are speculating there is no light ahead, and the market will remain low for the whole of next […]

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Celsius Lays off 150 Workers as Depositors’ Worries Begin to Mount

Embattled crypto lender, Celsius, has laid off 150 employees, representing a quarter of its workforce, according to the latest reports. The post Celsius Lays off 150 Workers as Depositors’ Worries Begin to Mount appeared first on BeInCrypto.

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Banxa to layoff 30% of workforce to shelter the “crypto winter”

Banxa announced on June 27 that it is laying off 30 percent of its staff, Australian Financial Review reported. The post Banxa to layoff 30% of workforce to shelter the “crypto winter” appeared first on CryptoSlate.

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Australian Crypto Firm Lays off Workers as the Crypto Winter Bites Harder

As the crypto winter shows little to no end, Australian crypto giant Banxa wants to save itself by rescinding the employment contracts of a cross-section of its workforce. The post Australian Crypto Firm Lays off Workers as the Crypto Winter Bites Harder appeared first on BeInCrypto.

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Bit.com Plans to Double Workforce as Layoffs Mount in Crypto and Financial Markets

The crypto markets are going through a rough phase. Bitcoin has crashed more than 70% in 8 months. Amidst the crash, several companies are laying off their employees, desperately trying to save cash.

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Australian Crypto Gateway Solution Cuts Workforce by 40%

The company’s headcount will be reduced by roughly 150 employees

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Austrian Exchange Bitpanda Cuts Third of Workforce

Austrian exchange Bitpanda cuts almost a third of its workforce as it battens down the hatches for an unpredictable crypto winter. The post Austrian Exchange Bitpanda Cuts Third of Workforce appeared first on BeInCrypto.

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Crypto Exchange Bitget Plans to Double Workforce as Peers Cut Back in Bear Market

Unlike exchanges like Coinbase and Gemini, the derivatives platform plans to increase its staff.

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Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures

Cryptocurrency exchange Bybit is to cut its workforce by as much as 30% in response to its business not growing at the same rate as its headcount, according to a report.

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Why Coinbase Will Cut 18% Of Workforce To “Stay Healthy During Recession”

Major crypto exchange Coinbase published a message from its CEO, Brian Armstrong. The company has decided to reduce its workforce by 18% to “ensure we stay healthy during this economic downturn”. Related Reading | Lending Platform Celsius Freezes Withdrawals, Raising Liquidity Concerns Last year, Coinbase became the first crypto exchange to debut in public markets under […]

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Layoffs Continue with Coinbase, BlockFi and Crypto.com Latest Firms to Shed Staff

he market’s recent bloodbath has resulted in major crypto firms reining in their expansion plans and, in some cases, laying off a sizable portion of their workforce.   The post Layoffs Continue with Coinbase, BlockFi and Crypto.

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BlockFi Cuts 20% of Workforce Amid Crypto Downturn

BlockFi is firing 20% of its employees due to worsening macroeconomic conditions. BlockFi Anticipates Extended Global Recession BlockFi is letting go of 20% of its workforce. According to a Monday...

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Глава Crypto.com анонсировал сокращение штата

CEO Crypto. com Крис Маршалек заявил о планах уволить порядка 260 сотрудников или 5% от всей рабочей силы криптовалютной платформы. That means making difficult and necessary decisions to ensure continued and sustainable growth for the long term by making targeted reductions of approximately 260 or 5% of our corporate workforce.

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Gemini Cutting 10% Jobs in Wake of ‘Crypto Winter;’ Exchange to Focus on Critical Products

Gemini co-founders Cameron and Tyler Winklevoss have announced that the exchange will 'part ways with approximately 10% of the workforce.' The post Gemini Cutting 10% Jobs in Wake of ‘Crypto Winter;’ Exchange to Focus on Critical Products appeared first on BeInCrypto.

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Winklevoss Bros’ Gemini Trims 10% Of Workforce Amid Bear Market Woes

Gemini, the crypto exchange led by billionaire twins Cameron and Tyler Winklevoss, will be laying off a considerable chunk of its staff, owing to the extended downturn of the crypto market.

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Middle Eastern Crypto Exchange Rain Lays Off Dozens of Employees: Report

The move follows news of workforce reductions at a number of crypto exchanges in the U.S. and worldwide.

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Gemini Cuts Staff By 10%, Blames “Crypto Winter”

Gemini, the crypto exchange and custodian run by the billionaire twins Cameron and Tyler Winklevoss, is cutting 10% of its workforce in a bid to survive the crypto market slump....

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Major crypto firms reportedly cut up to 10% of staff amid bear market

Previous crypto bear markets triggered much bigger layoffs, with some firms like ConsenSys reportedly firing up to 60% of its workforce in 2018.

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Fidelity Crypto Subsidiary Doubling Workforce Despite Dubious Markets

subsidiary of Fidelity Investments handling Bitcoin custody and trading for institutional investors intends to double its headcount this year. The post Fidelity Crypto Subsidiary Doubling Workforce Despite Dubious Markets appeared first on BeInCrypto.

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Some 340 Robinhood Employees Are About To Lose Their Jobs – Here’s Why

Robinhood, the app that popularized free one-click stock and crypto trading, revealed on Tuesday that it would lay off roughly 340 full-time employees, or around 9% of the 3,800 workforce. The move, according to Robinhood CEO Vlad Tenev, is in response to a decline in active users following a period of rapid growth early in […]

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Crypto Exchange BitMEX Lays Off 75 Workers

The global job cuts will impact about 25% of the company's workforce and come after plans by a company founded by BitMEX executives to buy a German bank fell through in March.

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Lebron James To Launch Bitcoin And Crypto Education Program

The NBA legend partnered with Crypto.com to support educational and workforce development opportunities focused on Bitcoin and crypto.

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US Companies Are Using Cryptocurrencies To Entice Users And A Younger Workforce

Companies in the US are employing new strategies to get ahead of the curve. The new strategy involves using cryptocurrencies as incentives to attract new staff and clientele. Crypto adoption is at an all-time high as retail and institutional investors are wading into the market.

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Crypto Offers Women a Seat at the Male-dominated Finance Table

Women in crypto are making themselves known. Women's workforce participation in finance is growing faster than ever. The post Crypto Offers Women a Seat at the Male-dominated Finance Table appeared first on BeInCrypto.

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Most Americans Quit Low Paying Jobs After Gaining Crypto Wealth, New Survey

Approximately 6 million people (4% of 167 million in the workforce) in the US have quit their jobs after making more money from cryptocurrency investments than from their low-income jobs, according to a new survey by intelligence firm Civic Science.

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Gemini ‘Aggressively Hiring’ with Over 200 New Crypto Job Openings

The Gemini cryptocurrency exchange is growing its workforce with a massive recruitment push that is aiming to bring on 200 new hires. The post Gemini ‘Aggressively Hiring’ with Over 200 New Crypto Job Openings appeared first on BeInCrypto.

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Fidelity Digital Seeks Workforce Expansion By 70%, Says Demand For Crypto Services Has Grown Exponentially

Fidelity Digital Assets has announced plans to hire close to 100 employees in efforts to support its expanding business in some of its locations including New York Boston, Durham, and Salt Lake. In a tweet posted on its official page on Monday, the institution that offers solutions for asset classes further called on interested candidates […]

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Fidelity Digital Is Expanding Workforce By 70% Due To Crypto Demand

The institutional buy-in through major banks and adjacent firms continues this week. Fidelity Digital is the company’s enterprise-grade solution for digital assets. In a recent story first broken by Bloomberg this week, crypto demand is leading the Fidelity division to expand staffing by roughly 70%.

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Specialized workforce needed as crypto and blockchain courses enter colleges

Some universities and colleges are offering blockchain and crypto courses as the job market heats up, but will students be enticed to take them?

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Crypto Firms Tout Dispersed Workforce as Coronavirus Contingency Plan

They don’t need to shut their headquarters; they don’t have headquarters.

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Galaxy Digital Lays Off 15% Of Its Staff, Crypto Firm In Trouble Or Business As Usual?

Mike Novogratz’ Galaxy Digital announced a workforce cut of 13 employees in the coming days, as the company faces challenges on its profits table. The news comes at a time the cryptocurrency market is booming with Bitcoin (BTC) having breached the psychological resistance at $10,000 USD.

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Novogratz’s Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%

Galaxy Digital, the crypto merchant bank founded by Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said.

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Blockchain Analytics Firm Chainalysis Cuts Ties With 20% Of The Workforce After 2019 Hiring Spree

Blockchain analysis firm, Chainalysis’ recent study concluded that a small number of crypto exchanges continue to report falsified trading volumes reports Coin Telegraph. An example of this is BitForex, which will be later expounded upon.

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Goldman-Sachs Backed Circle Blames ‘Restrictive’ US Laws for Layoffs

Bitcoin and crypto are rising, but Goldman Sachs-backed Circle laid off 10 percent of its workforce blaming a ‘restrictive’ regulatory climate. But is that just a smokescreen to mask Circle’s dwindling user base? SEC Bullish on Bitcoin, Bearish on Alts OK, so we may not call the SEC exactly ‘bullish’ on Bitcoin.

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Struggling Ethereum Giant ConsenSys Seeks $200 Million Raise at Billion-Dollar Valuation

By CCN. com: Ethereum development studio ConsenSys is struggling financially and is now trying to raise $200 million from outside investors to stay afloat. The fundraising drive comes just four months after the Brooklyn-based blockchain startup laid off 13% of its workforce.

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