Paystack Cuts 33 Jobs to Focus on African Markets
Paystack, a Nigerian fintech startup and a subsidiary of Stripe Inc, has announced a workforce reduction of 33 employees in Europe and the UAE. The move is part of the company’s strategy to concentrate more on its African operations, where it sees more growth potential. Paystack, founded in 2015, is a leading payment service provider […]
Citigroup Employees Brace for Layoffs Amid Restructuring
Citigroup is undergoing a major restructuring plan led by CEO Jane Fraser, who aims to simplify the bank’s structure and cut down management layers. Employees are expecting announcements regarding potential layoffs and management changes next week. Citigroup, the third-largest U.S. lender, is undergoing a major restructuring plan led by CEO Jane Fraser, who aims to […]
Parity Slashes Staff by 30% to Boost Polkadot Core Tech
Parity Technologies, a key player in the Polkadot ecosystem, has announced a restructuring plan that involves laying off 30% of its workforce. The move is aimed to sharpen the focus on the core technologies that underpin the Polkadot platform. Parity Technologies was founded in 2015 by Gavin Wood, Ethereum’s co-founder, and Polkadot’s creator. The company […]
Yuga Labs Cuts Staff as Part of Larger Restructuring
Yuga Labs announces US team layoffs and refocuses on metaverse and strategic partnerships amidst global economic challenges. The popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), developed by Yuga Labs, has undergone major organizational restructuring that will result in the firing of certain team members. Daniel Alegre, the CEO of Yuga Labs, announced […]
Chainalysis to Slash 15% of Staff in Second Round of Layoffs
Chainalysis, a New York-based blockchain analytics firm, has laid off 15% of its workforce, marking its second round of job cuts in the past 12 months For potential long-term growth, the company intends to reduce expenses, according to Bloomberg. Before the layoffs, Chainalysis had about 900 employees, and it now has 135 fewer. According to […]