CoinDCX Slashes 12% of Its Staff Amid Crypto Market Challenges
India’s largest crypto exchange, CoinDCX, has announced that it is cutting 12% of its workforce due to the prolonged bear market and the impact of the TDS tax on domestic exchanges. The company said that it had taken several proactive measures to optimize costs and drive efficiency, but the current situation demands that it work […]
Solana Game Developer Automata Announces Mass Layoffs
Automata a game company based in Solana, will see “a significant headcount reduction” in order to maintain its ability to produce Star Atlas. After the reorganization, the Automata team will only have 45 employees, down from 235 in late 2022. Michael Wagner, CEO and co-founder of ATMTA, stated in the July 24 statement on Discord […]
IBM Plans to Automate “Back-Office” Jobs with AI
IBM CEO Arvind Krishna said the company expects to replace around 30% of its non-customer-facing staff with AI technology over the next five years. IBM Seeks to Adopt AI Technology to Improve Efficiency and Reduce Costs International Business Machines Corp (IBM) is looking to put a “pause” on hiring for “back-office” roles that could be […]
Meta Cuts 10k More Workers After Scrapping NFT Plans
Meta is focusing on investing in the metaverse and artificial intelligence while cutting costs in order to strengthen its economic model. Mark Zuckerberg, the CEO and founder of Meta, made the announcement of the job cuts on March 14. He cited the need for the company to improve its technology and financial performance in light […]
Magic Eden NFTs Marketplace Layoff 22 Employees
Magic Eden NFTs marketplace has announced the layoff of 22 employees, the reduction in workforce according to Magic Eden is part of its restructuring process towards its business goals in 2023. As the larger crypto economy continues to struggle with a brutal winter, Magic Eden, the leading marketplace for Solana NFTs , announced the termination […]