The technology Q&A forum has seen declines in web traffic since the launch of ChatGPT in 2022.
Crypto Custody Firm Ledger Cuts 12% of Staff
The company cited macroeconomic headwinds limiting the company’s ability to drive revenue as a reason for the cuts.
Chainalysis axes another 15% of staff citing difficult market conditions
The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper.
Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company.
Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition
The game’s growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is shared around more.
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.
Indian Crypto Exchange CoinSwitch Cuts Support Team, Citing Market Doldrums
The crypto investment platform laid off 44 people, or nearly 7% of its employees, about three weeks ago.
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
NFT Now Cuts Jobs in Restructuring Move
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend.
Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs
A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.
Binance Slashes Worker Benefits as Profit Falls: WSJ
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
Binance Cut 1,000 Workers in Recent Weeks: WSJ
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Dapper Labs Lays off 51 as NFT Market Stays Chilly
Dapper Labs made prior cuts in February and November.
Circle Cuts Workforce, Ends Certain ‘Non-Core’ Activities; Will Continue Hiring Globally
Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday.
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.
Binance.US Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’
Binance cuts staff.
Binance Says ‘Reevaluating’ Roles After Report of Layoffs
The firm will “focus on talent densite” ahead of the next bull market, a spokersperson told CoinDesk.
Disney Lays Off Metaverse Team: WSJ
Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.
Crypto Exchange Luno Rejigs Leadership Roles as It Seeks to Boost Investor Base, Eyes Public Listing
CEO Marcus Swanepoel is moving into a new role as executive chairman, and COO James Lanigan has been promoted to CEO.
Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty
It’s unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector.