2023-5-12 04:32 |
The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.
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Silvergate Bank will significantly reduce its staff headcount as it winds down operations, according to an SEC filing submitted May 11. The failed crypto-friendly bank will let go of about 230 employees on May 12, leaving just 80 officers and employees at the firm.
2023-5-12 22:47 | |
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Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse.
2023-1-27 18:54 | |
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Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition.
2023-1-6 21:08 | |
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Silvergate today announced it was cutting down 40% of staff, amid major outflows from its platform.
2023-1-6 19:25 | |
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Coinspeaker Silvergate Resorted to Staff Layoff, Asset Liquidation to Survive FTX-Triggered Crypto Meltdown Crypto bank Silvergate had to undertake a 200-employee layoff and take other drastic measures to facilitate a withdrawal bank run.
2023-1-6 17:55 | |
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Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees.
2023-1-6 15:35 | |
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