Cryptocurrency Market Maker GSR Faces Executive Exodus Amidst Market Challenges

The company has left, including CFO Jonathan Hugh. The firm confirmed the exodus but denied rumors of a restructuring. Cryptocurrency marketmaker GSR has lost some members of top management, including CFO Jonathan Hugh. This was reported by The Block, citing its ...

Binance, World’s Largest Crypto Exchange, Plans to Cut 20% of Staff in June

Crypto reporter Wu Blockchain says the world's largest cryptocurrency exchange intends to cut a fifth of its full-time staff in June. Wu Blockchain assures that the fact of staff reduction was confirmed by the people who received the relevant notice of dismissal. Binan ...

IBM plans to replace back-office jobs with artificial intelligence

They have suspended hiring for new jobs And plan to implement AI replacements within 5 years Robots can perform back-office tasks IBM CEO Arvind Krishna announced a halt in hiring for a number of jobs. In the next few years, they plan to fill them wit ...

American Giant Meta Plans New Rounds of Layoffs Amid Metaverse Development

The American company known as Meta* (which has been deemed extremist by the Russian government and therefore banned in the country) is reportedly preparing to implement additional rounds of layoffs. The Wall Street Journal (WSJ) reported on this development, citing anonymous sources within the co ...

Cryptocurrency Bank Anchorage Digital Lays Off 20% of Workforce Amid Regulatory Uncertainty

Anchorage Digital, a cryptocurrency bank, has revealed plans to cut back its workforce by approximately 20%, or 75 employees, due to regulatory uncertainty in the United States financial system. The company made history in January 2021 by becoming the first cryptocurrency firm in the U.S. to rece ...

Goldman Sachs remains committed to blockchain despite layoffs

Goldman Sachs is paving the way for the future of blockchain technology, according to Matthew McDermott, the head of digital assets at the bank. Despite a recent downsizing that saw approximately 3,200 employees let go, the institution remains committed to exploring the possibilities of blockchai ...