layoffs

31 May 23

Binance initiates layoffs amid market uncertainty, sources claim

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has reportedly begun laying off employees. The news was first reported by Wu Blockchain on Twitter, who cited multiple sources confirming the layoffs. Binance, which employs approximately 8,000 people worldwide, is rumored to lay off about 20% of its staff […]

08 May 23

Australian blockchain company files for bankruptcy month after layoffs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Australia-based blockchain company founded in 2015, Everledger, filed for bankruptcy after failing to provide the expected investors’ funds, according to a report by SmartCompany. The blockchain-powered platform was developed to track the origin of luxury items, top-notch wine, diamonds, and […]

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28 Mar 23

Disney disbands its metaverse division as part of layoffs

Walt Disney has reportedly sacked almost all the employees that comprise its consumer experiences unit, the division in charge of its metaverse strategies, as part of a company-wide restructuring exercise. Disney plans to slash its workforce by about 7,000 in the coming months. Just over a year after joining the metaverse and NFTs bandwagon, Walt […]