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Latest Layoff News
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Crypto layoffs deepen as Meta begins AI-led cuts, while Kraken and Coinbase also trim staff in a wider push for leaner teams across 2026 now
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Cloudflare shares fell sharply in after-hours trading on Thursday after the cloud infrastructure company announced major layoffs tied to its push into artificial intelligence. According to recent reports, the stock dropped about 18% even after Cloudflare reported first-quarter earnings and…
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Coinbase will cut 14% of its workforce as Brian Armstrong moves the exchange toward leaner teams, fewer layers and AI-native operations.
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A Chinese court has ruled that companies cannot legally dismiss employees solely to replace them with cost-saving artificial intelligence tools, setting a clear boundary on how far firms can go in using automation to reduce labour costs. On April 30,…
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A wave of crypto layoffs hits major firms in 2026, citing macro conditions and AI integration as causes behind workforce reductions.
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Foundry, the largest Bitcoin mining pool globally, has laid off approximately 27% of its workforce. The layoffs primarily impact the ASIC repair and hardware teams, while core operations, including the mining pool, firmware team, and self-mining division, remain partially intact.…
BTC
Bitcoin
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Matter Labs, the key developer behind the Ethereum layer-2 solution ZKsync, has announced it will reduce its workforce by 16% due to a major organizational restructuring. The company will cut these positions to better align with the evolving technology and…
ZK
ZKsync
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Yuga Labs will restructure, expecting to result in team members' layoffs.
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Polygon Labs' CEO announced the departure of 60 staff members, representing 19% of its workforce.
MATIC
MATIC (migrated to POL)
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NEAR Foundation has decided to lay off nearly half of the team, saying its internal processes were moving too slowly. In a blog announcement on Jan. 11, NEAR Foundation, a non-profit entity behind the NEAR protocol, said it had slashed…
NEAR
NEAR Protocol
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The impending reduction of approximately 600 positions mirrors the BlackRock approach from 2023, where layoffs were aligned with employee performance metrics.
BTC
Bitcoin
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Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. The cascading collapse of two industry giants, Terraform Labs (responsible…
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Bittrex Global is set to cease its trading operations globally on Dec. 4, following its U.S. arm's legal settlement with the SEC and an ongoing complex regulatory landscape.
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Ava Labs, the team developing the Avalanche blockchain, has announced a 12% reduction in its workforce, attributing the decision to strategically reallocating its resources. The firm’s CEO and founder, Emin Gün Sirer, confirmed the layoffs on Nov. 7, following announcements…
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Ethereum’s oldest NFT marketplace is downsizing its workforce as part of a "2.0 strategy" focused on community, product, and reliability.
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According to CEO Daniel Alegre, Yuga Labs has completed its restructuring process and is now focusing on its metaverse extension, Otherside. In a social media post on X, Alegre responded to concerns and feedback from Yuga Labs’ diverse NFT communities…
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