Layoffs | ForkLog

ForkLog 26 25.11.2024

Axie Infinity Developer Cuts Workforce to Focus on New Game

Sky Mavis, the studio behind the Web3 game Axie Infinity and the Ronin sidechain, will lay off 21% of its staff as part of a strategic reorganization, according to co-founder and CEO Trung Nguyen. 2024 has been a transformative year for Sky Mavis. The Ronin Wallet surpassed 10 million downloads. Today, Ronin is the third […]

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ForkLog 6 18.11.2024

Musk Ally Predicts Major Government Staff Reductions

Following Donald Trump’s inauguration, the US federal government is set to undergo significant staff reductions. This was stated by entrepreneur and head of the DOGE, Vivek Ramaswamy, as reported by Bloomberg. He believes that “federal contractors exploit the government,” leading to “massive waste, fraud, and abuse.” As part of the efficiency drive, some agencies will […]

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ForkLog 9 31.10.2024

Kraken Reduces Workforce by 15% Amidst Leadership Changes

Kraken has laid off 15% of its staff and altered its leadership team. The exchange has introduced a new desktop trading terminal. Founded in 2011, cryptocurrency exchange Kraken has announced a 15% reduction in its workforce, a corporate restructuring, and the appointment of a new co-leader. This was reported by the NYT citing sources. The […]

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ForkLog 14 30.10.2024

dYdX Reduces Core Team by 35%

Antonio Juliano, CEO of the company behind the decentralized derivatives exchange dYdX, announced a 35% reduction in staff. “Today, I made the incredibly difficult decision to let go of 35% of the core dYdX team. We now have the team we need for further development, but first, we say goodbye to those who have left,” […]

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ForkLog 15 03.09.2024

Matter Labs to Reduce ZKsync Developer Workforce by 16%

The CEO of Matter Labs, the company behind the ZKsync protocol, Alex Gluchowski, has announced a 16% reduction in staff.

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ForkLog 16 28.08.2024

AI-Induced Job Cuts Loom on the Horizon

Millions of employees may face job losses due to artificial intelligence, British trade unions are set to warn at next month’s Congress, according to the Financial Times. The organizations will urge banks, insurance companies, and accounting firms to prepare to fund the retraining of millions of workers. The unions reference a June report by Citigroup, […]

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ForkLog 8 13.06.2024

Paxos Reduces Workforce by 20% Despite Strong Financial Position

Paxos has laid off approximately 20% of its staff, despite maintaining a “strong financial position,” as reported by The Block.

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ForkLog 35 17.04.2024

Crypto Firms Resume Hiring After Mass Layoffs

The largest cryptocurrency exchanges have halted the layoffs initiated in 2023. Trading platforms have posted hundreds of job openings in the digital assets industry. Crypto.com CEO Kris Marszalek told Bloomberg that since November 2023, the company has hired 700 people. According to him, the exchange plans to hire another 500 new employees in customer service […]

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ForkLog 9 05.04.2024

AI Anticipated to Reduce Workforce in Companies, Survey Reveals

Artificial intelligence is expected to lead to a reduction in employee hiring over the next five years, according to a report by Reuters, citing research from the staffing company Adecco Group. A survey of executives from 2000 large companies worldwide indicates that around 40% of top managers foresee a decrease in workforce due to neural […]

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ForkLog 12 20.02.2024

eBay Reportedly Exits NFT Market and Cuts Web3 Division

The e-commerce giant eBay has reportedly shifted its stance on non-fungible tokens (NFTs) and is likely to exit this sector soon, according to NFTgators, citing its own sources. The company has reduced more than 30% of the workforce at its NFT marketplace, KnownOrigin. eBay acquired the UK-based platform in June 2022. Two months later, eBay […]

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ForkLog 13 01.02.2024

Polygon Labs to Lay Off 60 Employees

Polygon Labs CEO Marc Boiron announced the dismissal of 60 employees, accounting for 19% of the team.

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ForkLog 11 31.01.2024

Jack Dorsey’s Block Undergoes Significant Layoffs

Block, the company founded by Twitter’s Jack Dorsey, has executed substantial layoffs, dismissing over 1,000 employees, according to Business Insider. A company memo seen by the publication revealed that Block reduced a “large number of team members” in a single day to streamline operations. The layoffs affected employees in the Cash App, Foundational, and Square […]

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