2023-6-1 17:19 |
The firm will "focus on talent densite" ahead of the next bull market, a spokersperson told CoinDesk.
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The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend.
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Dapper Labs made prior cuts in February and November.
Trading platform Robinhood (HOOD) has cut 7% of its full-time staff, about 150 employees, in the third round of layoffs since April 2022.