Binance.US Reportedly Lays Off 50 Staff Members in Legal, Compliance, and Risk Departments
June 16 (Cointime) - Binance.US has reportedly laid off approximately 50 employees in its legal, compliance, and risk departments, according to sources. The company has not officially announced the staff cuts.
Binance’s US Affiliate Carries Out Layoffs Following SEC Charges
June 16 (Cointime) - Binance's US affiliate has reportedly laid off employees following allegations of violating securities laws and an asset freeze by regulators. The number and seniority of the affected employees could not be independently verified.
African Crypto Exchange Mara Cuts Staff and Salaries Amid Rising Marketing Costs
Mara, a pan-African crypto exchange, has reportedly laid off as much as 85% of its staff and cut salaries for remaining employees, citing the need to eliminate redundant roles. However, former employees have suggested that the company's bloated workforce and rising marketing costs played a role in the layoffs. Despite this, Mara has stated that its plans for the future remain unchanged and that it will continue to expand beyond being a crypto exchange.
Goldman Sachs Plans Another Round of Layoffs Amid Decrease in Wall Street Dealmaking
Goldman Sachs is reportedly planning to lay off around 250 senior employees due to a slowdown in Wall Street's dealmaking and decrease in profits. This will be the third round of layoffs for the company in less than a year. Other Wall Street companies, including Morgan Stanley and JPMorgan Chase, are also planning to cut jobs in various divisions. The challenging financial conditions are affecting Wall Street's mergers and acquisitions dealmaking, leading to a sharp decline in Wall Street bonuses.
Web3 Startup Community Gaming Confirms Layoffs Amid Esports Downturn
Community Gaming, a Web3 esports tournament platform, has confirmed it laid off 17 employees due to economic struggles across the competitive gaming industry.
Disney Nixes Its Metaverse Team: WSJ
The Walt Disney Company has nixed its metaverse team as part of a wider round of layoffs, according to a report by the Wall Street Journal citing people familiar with the situation.
Copper to Make Up to 15% of Staff Redundant, Focus on Custody, Settlement
Cryptocurrency custody provider Copper said up to 15% of its staff face redundancy as the firm streamlines its business amid tough market conditions affecting the crypto industry.
XanPool Axes Staff Amid Market Turmoil, Shuts Offices in Singapore, Malaysia
XanPool, a crypto payments platform that raised US$41 million in funding last year, told Tech in Asia that it has laid off "just under 40 people."
Crypto Evening Briefing: Crypto-Friendly Signature Bank Probed by U.S. DOJ Before Its Collapse
Signature Bank was reportedly the subject of a probe by the United States Department of Justice earlier this week.
Bitstamp Reduced Its Headcount by 30%
Just like crypto companies including Coinbase, Polygon and Protocol Labs, Bitstamp is hunkering down amid mounting regulation and wobbly markets. It recently reduced its headcount by 30%, from around 650 in September to 450 in February.
