505 out of 700 employees reportedly signed a letter stating that the board undermined the company’s mission by firing Altman. OpenAI’s staff is reportedly not happy about its board of directors firing founder and former CEO Sam Altman. According to a social media post from tech podcaster Kara Swisher, employees sent a letter to the…
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The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper. Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues. On Oct. 3, Chainalysis confirmed to Cointelegraph that it had made the difficult decision to…
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NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February. Nonfungible token collection and technology firm Dapper Labs has announced its third round of staff layoffs in less than a year. On July 13, Dapper Labs CEO Roham Gharegozlou announced that the firm has…
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Crypto exchange Binance said its “hardcore” work culture could explain some of the results, while recruiters warn the data should be taken with a grain of salt. Crypto exchanges, including Gemini, Binance and Coinbase, are home to some of the least happy employees in the industry, according to data derived from Glassdoor — though some…
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SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.” United States Securities and Exchange Commission (SEC) chair Gary Gensler has thrown his support behind President Biden’s request to allocate a record $2.4 billion in funding for the regulator, highlighting…
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Goldman Sachs digital asset lead Mathew McDermott said the bank remains “hugely positive” on exploring blockchain applications. Goldman Sachs’ digital assets unit is reportedly open to bolstering its 70-strong team, despite a massive cost-cutting exercise at the firm last month that will see 3,200 employees clear their desks. Mathew McDermott, global head of digital assets…
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It was a tough month for crypto employees, with at least 14 firms announcing staff reductions, including Coinbase, Gemini, Digital Currency Group, ConsenSys and Blockchain.com. Crypto companies tightened their purse strings in the first month of 2023, with at least 2,900 crypto staff cut loose across 14 crypto firms in January. The latest firm to…
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Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System Advances, Adding Cryptocurrency Later…
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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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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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