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  • BTC Dominance: 52.81%

layoffs

disney-reportedly-axing-metaverse-division-amidst-company-restructuring

Disney Reportedly Axing Metaverse Division Amidst Company Restructuring

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The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs the […]

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filecoin-creator-protocol-labs-announces-layoffs-amid-crypto-winter-and-economic-downturn

Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn

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Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol

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ebay-expands-into-nft-and-web3-space-with-new-job-openings

Ebay Expands Into NFT and Web3 Space With New Job Openings

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The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June 2022. Big Corporations Still Seek Workers to Manage Crypto and Blockchain

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matrixport-joins-growing-list-of-crypto-and-blockchain-companies-letting-employees-go

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

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The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan

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microsoft-layoffs-reportedly-hit-key-vr-and-metaverse-teams

Microsoft Layoffs Reportedly Hit Key VR and Metaverse Teams

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The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the progress of Microsoft in these

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huobi-korea-plans-to-cut-ties-with-parent-company,-strengthen-domestic-presence

Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence

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According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi Experiences Significant Withdrawals as Subsidiary Huobi Korea Looks to

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huobi-layoffs-spark-controversy-and-speculation,-justin-sun-claims-everything-is-fine

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

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The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans

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