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Tag: downsizing

Fintech Layoffs Rock Asia in 2023: Who’s Next? – Fintech Singapore

The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and...

XOVOX Labs Mid-Year 2023: Highlights and Outlook | BitPinas

Share some Bitpinas love:As 2023 reaches its midpoint, we pause to reflect on the eventful developments within #CryptoPH. The industry, rebounding stronger from 2022...

Binance Lays Off Dozens of Employees With Plans To Trim US Workforce Amid Regulatory Pressure: Report – The Daily Hodl

The world’s largest crypto exchange by trading volume is reportedly downsizing amid mounting pressure from federal investigations.  The Wall Street Journal reports that Binance already...

Binance to Cut 20% of Staff in June: Report

Senior executives at the crypto exchange characterized the job cuts as a cyclical “talent density audit” as opposed to a cost-cutting measure. ...

Restructuring Plan for Bankrupt Bitcoin Miner Core Scientific Set for September, Expects $46 Million Boost – BitcoinWorld

In a recent development, Core Scientific, a bankrupt Bitcoin miner, announced its plans to finalize a restructuring plan by September. The...

Smart Contact Lens Company Mojo Vision Raises $22M, Pivots to Micro-LED Displays for XR & More

Mojo Vision, a company once noted for its work on smart contact lenses, has raised $22.4 million in a new Series A...

Bitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations

In March, TeraWulf started bringing machines online in its Nautilus facility in Pennsylvania, which is fully powered by nuclear energy. At the site, the...

Sergio Ermotti Returns as UBS CEO to Lead Credit Suisse Acquisition

UBS Group AG brings back Sergio Ermotti as CEO to lead the Credit Suisse acquisition. Sergio Ermotti’s return faces challenges such as workforce reductions,...

Disney Scraps Metaverse Division as Part of Restructuring Plan: Report

Walt Disney has knocked metaverse plans off its priority list. The entertainment giant’s “next-generation storytelling and consumer experiences” division had been tasked with exploring...

Champion REIT Announces 2022 Annual Results

HONG KONG, Feb 24, 2023 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its...

Galaxy Digital’s Novogratz On Why Bitcoin Could Hit $30k Before the End of March Amid Rising FOMO

Advertisement &nbsp &nbsp The top crypto is changing hands for $23,816 after a gain of 7% in the past day. A slowdown in the...

DeFi Dodges Worst of Crypto Layoffs: Report

CoinGecko Data Shows 2.3% of Industry Layoffs in 2022 Were in DeFi It may not be a surprise that so many workers lost their...

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