Blockchain.com Lays Off Another 28% of its Workforce as Crypto Winter Intensifies
London-based cryptocurrency exchange and wallet provider Blockchain.com has revealed that it will implement a second round of job cuts. This time, the company plans to reduce its total headcount by 28%.
Crypto Lender Genesis Lays Off 30% More of Its Staff
Genesis Global Trading laid off more employees on Thursday, a spokesperson for the crypto-trading firm confirmed in a statement to CoinDesk. A person familiar with the matter said Genesis eliminated about 30% of its workers, taking it down to 145 employees. Genesis previously cut 20% of its workforce of 260 in August. The sales and business-development departments have been especially hard hit, the person added. (Coindesk)
Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company
Reports that Huobi is dramatically cutting headcount, requiring employees to take their salaries in stablecoins, and closing internal staff communication channels to quell a rebellion have taken a toll on its exchange token and trading volume. CoinGecko data shows that Huobi’s HT token has fallen by nearly 11% during the last 24 hours, to $4.67 as of morning East Asia time. The token is down nearly 30% over the past month. (Coindesk)
Mass Layoffs: Candy Digital, a Gary Vee Backed NFT Startup, Fires One-Third of Its Workforce
According to reports, <a rel="nofollow" href="https://www.candy.com/">Candy Digital</a>, a sports and entertainment <a href="https://coingape.com/tag/nft/">NFT</a> start-up founded in 2021 and valued at $1.5 billion the same year, has laid off a major portion of its workforce.
