The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.
Bitcoin Recedes to $34.2K Ahead of U.S. Nonfarm Payrolls Data
The jobless rate is forecast to hold steady at 3.8%, while the year-on-year growth in average hourly earnings likely slowed to 4% from 4.2%.
CertiK, Blockchain Code Auditor, Makes ‘Strategic Workforce Adjustment’ of 15%
Just last year, the company raised nearly $150 million of fresh capital. Now, as crypto winter drags on, it is cutting jobs, citing “evolving market dynamics.”
Blocknative Reduces Headcount by Third, After Suspending Work on Relay Project
The company completed a restructuring in the wake of its decision to exit services related to its MEV-Boost Relay, a type of software used by Ethereum network validators.
Blockchain Analytics Firm Chainalysis Cuts 15% of Staff
This is the second round of layoffs by the analytics firm in less than 12 months.
Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll
The number of employees losing their jobs is 71 out of some 590.
Bitcoin price taps $29.3K as data shows ‘most resilient’ US jobs market
Bitcoin offers slight volatility after fresh U.S. macro data, but BTC price behavior remains firmly rangebound.
Crypto Catalysts: Jobs Data to Highlight the Week’s Macro Releases
Among other reports, investors will be eyeing ADP’s private sector jobs total, which last month, soared beyond expectations, a concern for central bankers and other inflation watchers.
High-skilled jobs most exposed to AI, impact still unknown — Report
A deep dive into global employment data and trends indicates that AI could impact high-skilled jobs the most.
‘Extended reality’ to create 860K jobs by 2025: EU Commission
The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse.
48% fewer new crypto coders last year – developer report
Newcomers account for the highest percentage of developers that have left the industry over the past 12 months.
Crypto Catalyst Watch: FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.
Robinhood Sheds Jobs for Third Time Since April 2022: WSJ
Trading platform Robinhood (HOOD) has cut 7% of its full-time staff, about 150 employees, in the third round of layoffs since April 2022.
U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K
Continued strong gains in monthly employment figures have added to the Fed’s case for rate hikes.
Can artificial intelligence create more jobs?
Despite negatively impacting the labor market, there are many reasons to think AI will eventually contribute to creating new jobs and economic growth.
U.S. Adds 236K Jobs in March Versus Forecasts for 239K
Bitcoin rose/fell to $XX,XXX in the minutes following the report.
Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances
Bitcoin price is poised to reach $31,000 in April amid a lower vacancy turnout in the U.S., which risks crashing the dollar strength index to a yearly low.
Copper to Make Up to 15% of Staff Redundant, Focus on Custody, Settlement
The process is just getting under way and the company, which employs just over 300 staff, said it cannot put an exact number on job losses.
Crypto Analytics Firm Messari Cuts 15% of Workforce as Part of Restructuring
The crypto intelligence firm, which is led by Ryan Selkis, had closed a $35 million Series B last year.
Polygon Labs Cuts 20% Workforce, Almost 100 Jobs
The firm said that the job cuts are part of its consolidation earlier this year.