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Tag: staff cuts

Polygon Labs announces 19% reduction in staff to streamline operations

Polygon Labs has announced a 19% reduction in its workforce, impacting 60 employees across various departments.The decision, announced by CEO Marc Boiron in an...

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Binance.US CEO Cuts 100 Staff as CEO Departs

The crypto exchange has cut a third of its staff and its CEO has departed amid scrutiny from U.S. regulators. ...

Circle Cuts Workforce, Ends Investment in Non-Core Activities: Report

The stablecoin issuer said it had made a marginal reduction in headcount to focus on core business activities and execution. ...

Binance.US Lays Off 10% of Staff After SEC Lawsuit: Reports

Binance’s U.S.-based subsidiary reportedly cut 50 positions from its workforce in anticipation of a multi-year costly litigation process. Photo...

Binance Weighs Staff Cuts amid Regulatory Pressure in the Global Market

Binance, the largest cryptocurrency exchange by trading volume, is evaluating its headcount, the company said on Wednesday, dispelling rumours that it was laying off employees to...

2023 The Year of Travel

It’s been said that ‘Travel is the only thing you buy that makes you richer’. Pandemic restrictions had eased up in 2022. However, 2022...

Cybersecurity Jobs Remain Secure Despite Recession Fears

Cybersecurity professionals will likely weather an economic downturn better than most other workers, as corporate executives worry that a recession could bring an increase...

ConsenSys CEO: ‘We’ve retained virtually all of our capabilities’ after job cuts

Blockchain software developer ConsenSys retains the ability to achieve its goals after recent layoffs, CEO Joe Lubin claimed in a Feb. 7 interview with...

Change ahead: Key KYC and financial crime developments in 2023 (Farnoush Mirmoeini)

2022 brought renewed attention to the anti-money-laundering (AML) space and the know your customer (KYC) processes underpinning it. High profile cases, such as the...

PNC to boost tech spend after staff cuts

PNC is planning to increase spending for its technology development program this year after reducing noninterest expenses through workforce cuts in the fourth quarter...

Fidelity-Backed Crypto Platform Cuts Staff Due to Market Pressure

OSL, a Hong Kong-based digital asset exchange, is cutting roughly a third of its costs following months of turbulence in the crypto market.  That...

Crypto.com announces 20% cut in headcount, cites post-FTX market conditions

Singapore-based digital asset exchange Crypto.com will lay off 20% of its workforce, its co-founder and chief executive officer Kris Marszalek said Friday in a...

Binance says it plans to expand hiring by as much as 30% in 2023 as rivals cut jobs

Binance, the world’s largest cryptocurrency exchange by trade volume, is planning to increase its staff numbers by 15% to 30% in 2023, chief executive...

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