Layoff


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Coinbase to Cut Around 20% of Workforce as Crypto Winter Lingers

Crypto exchange Coinbase (COIN) said it is planning to reduce its headcount by around 950 employees as part of a restructuring that it expects to be complete by the end of the second quarter. "First Mover" hosts weigh in on the latest string of layoffs amid crypto winter.

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Kraken Lays Off 30% of Global Staff Amid Crypto Winter

Crypto exchange Kraken is cutting 30% of its global workforce – around 1,100 people – in response to the crypto market downturn. This comes as it reached a settlement with the Treasury Department over serving customers in Iran. "The Hash" panel discusses the latest in a string of continued layoffs across the industry.

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Amazon Reportedly Plans to Lay Off 10K Employees Amid Tech Rout

Amazon is said to cut approximately 10,000 jobs which could begin as early as this week, according to The New York Times. "The Hash" panel discusses what this means for the crypto industry as the tech rout widens.

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Crypto's Reported Staff Cuts at BitMEX, Digital Currency Group, Galaxy Digital

Crypto venture capital company Digital Currency Group (DCG), the parent company of CoinDesk, has promoted Chief Operating Officer Mark Murphy to president amid a restructuring in which some 13% of its staff departed, according to Bloomberg. This comes amid news of other staff cuts at BitMEX and Galaxy Digital. "The Hash" panel discusses the latest hurdles for companies amid crypto winter.

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Finanzas

La firma de Cripto Galaxy Digital reducirá una quinta parte de su plantilla: fuentes

Las acciones de la compañía han caído un 80% en el último año.

Galaxy Digital CEO Mike Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)

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Twitter to Reportedly Begin Charging $20 Per Month for Verification

"The Hash" panel discusses how Twitter could change under billionaire Elon Musk's ownership. The Washington Post reports the social media company will lay off a quarter of its workforce. And according to The Verge, Twitter is gearing up to charge $19.99 for its Twitter Blue subscription. "The Hash" team also breaks down insights into the rise of dogecoin recently.

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Bitcoin Services Firm NYDIG Lays Off About 33% of Staff

Bitcoin services company NYDIG has laid off around 100 people, according to four people familiar with the matter. "The Hash" panel discusses the latest in a string of industry-wide layoffs and what this suggests about the state of the crypto markets.

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Crypto Lender Hodlnaut Discloses Singapore Police Proceedings, Layoffs

After freezing users’ assets in early August, Hodlnaut disclosed massive layoffs and pending “police proceedings” in a blog post. “The Hash” team discusses the latest crypto company facing major hurdles amid the recent market downturn.

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