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Layoffs and Closures
The cuts and shutdowns.
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ZEROBASE cuts staff, ends DAT and perpetual contracts to focus on cost reduction amid weak altcoin liquidity
13+ hour, 16+ min ago (262+ words) ZEROBASE has stopped its DAT and perpetual-contract projects and reduced staff as it shifts strategy to cut costs due to weaker altcoin liquidity. CEO Mirror Tang said the company is now focusing spending only on essential areas, reducing R&D…...
Anchorage Digital Lays Off 17% of Staff Amid Sector-Wide Cost Pressures
6+ day, 8+ hour ago (396+ words) Anchorage Digital, the only federally chartered crypto-focused national trust bank, is cutting about 17% of its workforce, citing sector-wide cost pressures. The latest in bitcoin, altcoins, cryptocurrency news today. Get an overview of major market moves before anyone else in cryptocurrency....
He Delivered Exactly What They Asked For Under Clear Payment Terms, But The Company Tried To Change The Deal Afterward — And Lost Him For Good
1+ week, 19+ hour ago (1934+ words) Some employers love the free market until skilled workers start setting prices of their own. This experienced paramedic drove nine hours after being promised competitive pay, only to discover an offer eight dollars below expectations. Instead of accepting the sunk-cost…...
Anchorage Digital Cuts 17% of Workforce Amid Crypto Slump
1+ week, 20+ hour ago (190+ words) Anchorage Digital is cutting about 17% of its workforce, or roughly 68 jobs, as weaker crypto markets pressure its operations. Tether invested $100 million in February. Chief Executive Nathan McCauley informed employees of the layoffs this week. The estimated 68 jobs are based on…...
Anchorage Digital Cuts 17% of Staff Despite $4.2B Valuation and Tether Backing
1+ week, 1+ day ago (242+ words) Anchorage Digital is cutting about 17% of its workforce as weaker crypto market conditions put pressure on the company’s operations, according to reports. CEO Nathan McCauley told employees about the layoffs this week. The cuts could affect about 68 jobs, based on…...
Anchorage Digital reportedly cuts 17% of staff amid crypto downturn
1+ week, 1+ day ago (853+ words) Anchorage Digital has reportedly cut 17% of its workforce after securing a $100 million Tether investment earlier this year. The Information reported on Oct. 2, citing people familiar with the matter, that McCauley had told employees about the layoffs during the week. The…...
Anchorage Digital Reportedly Cuts 17% of Workforce
1+ week, 23+ hour ago (259+ words) The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether. Anchorage Digital, a federally chartered US digital asset bank valued at $4.2 billion earlier this year, has reportedly cut 17% of its workforce,…...
Anchorage Digital lays off about 17% of staff as sector-wide cost pressures bite
1+ week, 1+ day ago (429+ words) The federally chartered crypto custodian is trimming headcount again, roughly three years after a previous round of cuts Anchorage Digital is cutting about 17% of its workforce, pointing to cost pressures it says are hitting the entire sector. The layoffs affect…...