The Brooklyn, New York-based news and documentary media giant, Vice Media LLC, is cutting 250 employees out of the company and closing down its flagship weekly HBO program, sources tell the Wall Street Journal. Vice is the latest major news media outlet in recent weeks to lay off hundreds of workers as part of massive downsizing to keep the companies afloat. A leaner organization is part of the company’s realignment of its entire global strategy. The 250 Vice employees comprise about 10% of the company’s workforce. HuffPo and BuzzFeed Layoffs “Difficult Changes” was the subject line of the email sent
More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas
Bitmain’s problems continue, as the world’s largest bitcoin mining firm has announced a fresh round of layoffs. Bitmain is rumored to have lost over $ 700 million in Q4 2018, and late last month reports broke out that the Chinese mining giant is set to fire 50% of its workforce. Later, the company shut down its
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Apple Cuts iPhone Production, But CEO Tim Cook Cashes in
An argument for decentralization and equality? Apple is cutting its production levels and will likely shift the Dow Jones Index and global stock markets again today. At the same time CEO Tim Cook is banking his biggest bonus ever. Apple Slashes iPhone Production Following Revenue Guidance Cuts After revising sales forecasts downwards, Apple is now
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Another Esports Organization Cuts Its PUBG Team
The future of PlayerUnknown’s Battlegrounds (PUBG) as an esport is becoming increasingly bleaker as more and more organizations make the decision to cut their rosters. This time, Seattle-based Excelerate Gaming has come out to announce that it has released its entire PUBG roster, in addition to Justin “Wizzrobe” Hallett, a highly-regarded Super Smash Bros. Melee pro. A message from our CEO, @justintan_14 […]
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Another One: Blockchain Project Status (SNT) Cuts 25% of Its Staff
Status (SNT), a mobile operating system for Ethereum (ETH), has cut 25% of its staff of around 100 people as the price of ETH continues to fall. According to the transcript from a recent town hall, Status has been “forced” to adapt to current market conditions, and as such, is reducing its staff and asking existing employees […]
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ConsenSys Cuts 13% of Its Staff as the Crypto Bear Market Continues
Ethereum (ETH) development studio ConsenSys has reportedly let go of 13% of its 1,200-person staff as the cryptocurrency bear market enters its twelfth month. According to a recent report by CoinDesk, ConsenSys is refocusing its priorities to improve its business operations, which currently includes over 50 ‘spoke’ startups under incubation. “Excited as we are about ConsenSys […]
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Coinbase cuts staffers in customer support, compliance, fraud depts.
Biggest American digital currency exchange Coinbase has cut a small number of staffers in its fraud, compliance and customer support departments, reports Yahoo Finance. The web services provider’s financial news outlet says the cryptocurrency exchange confirmed the cuts but would not confirm the exa…
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eToro Cuts Crypto Costs to Support Mass Adoption
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British Cryptocurrency Exchange ‘Coinfloor’ Announces Job Cuts
Coinfloor, a UK-based cryptocurrency exchange platform, plans to lay off some of its employees. The oldest exchange service in Britain says the move is part of a restructuring process brought about by certain changes in the virtual currency market dynamics.
Restructuring Necessary Due to Changing Cryptocurrency Landscape
According to Financial News, Coinfloor is set to lay off some of its workers. Inside sources revealed that the job cuts would affect a greater majority of the company’s workforce — which totals more than 40 employees.
Coinfloor chief executive, Obi Nwosu confirmed the reports but didn’t elaborate on the number of affected staff members. Commenting on the matter, Nwosu said:
CoinMarketCap Cuts South Korean Exchanges Without Warning, Panic Selling Ensues
It can be challenging enough to keep up with the fast-paced world of cryptocurrencies and their price fluctuations. The challenges can be compounded when you cannot find a consistent source for these prices and the vital statistics used to make informed trading decisions.
Following a frenzy of activity over the weekend which pushed the total crypto market capacity over $ 800 billion and shut down several exchanges to new users, analytics website CoinMarketCap arbitrarily decided not to include data from South Korean exchanges.