Faced with steep market declines, cryptocurrency companies have laid off more than 3,000 workers since June. By far the biggest blow, popular brokerage Coinbase laid off 1,180 employees, or about 18% of its workforce, on June 14—weeks after the firm’s billionaire CEO, Brian Armstrong, warnedinvestors that a … See more Low interest rates and government stimulus measures fueled skyrocketing cryptocurrency prices during the pandemic, but the … See more Citing “extreme market conditions,” crypto lender Celsius became the first major platform to pause withdrawals and transfers between customer accounts on June 13. Within days, … See more Investors piled out of cryptocurrency investment funds at a record pace as bitcoin plunged to an 18-month low in June. Outflows totaled $423 million in the week of June 17, virtually erasing all inflows this year and … See more A handful of crypto firms are simply collapsing. On June 27, Voyager issued a notice of default to beleaguered Singapore-based crypto hedge fund Three Arrows Capital (3AC) … See more WebNov 30, 2024 · Layoffs have become commonplace in the technology market this year. Crypto exchange Kraken today announced it’s letting go of 1,100 staffers. The announcement came from a company blog post and ...
Coinbase announces 1,100 layoffs as CEO warns of recession and crypto …
WebJun 10, 2024 · The string of layoff announcements started in April 2024, with Robinhood deciding to lay off roughly 9% of its workforce. Following this news was the … WebOct 10, 2024 · Cryptocurrency exchange Crypto.com has said that the report suggesting that it laid off over 2,000 of its employees was "incorrect", media reports say. ... About 60 per cent of the employees hit by the layoffs came from "non-corporate, back office, and support services", the representative said without revealing details. ... citrulline and blood thinners
WebJun 16, 2024 · Coinbase CEO Brian Armstrong. Crypto exchange Coinbase laid off 18% of its staff Tuesday amid turbulence in the economy. Experimental teams like Coinbase One and the NFT business, and customer ... WebFeb 23, 2024 · Crypto exchange Bittrex has laid off more than 80 people, as reported by CoinDesk. Chainalysis The company known for its crypto transaction tracking services … WebNov 30, 2024 · The cryptocurrency exchange Kraken announced job cuts today, affecting 30 percent of its workforce, or around 1,100 employees. In a blog post, Kraken CEO Jesse Powell says the firm made the... dicks bbq gallup nm