Matter Labs to Cut 16% of Workforce
Matter Labs, the developer of ZKsync, an Ethereum layer-2 solution, announced a major organizational reorganization and 16% layoffs. In order to better meet the changing demands of ZKsync (ZKSY) developers for support and technology, the business will be eliminating these roles. CEO Alex Gluchowski stated in a statement on X that the company’s shifting position […]
Tether Plans to Double Workforce to 200 by Mid-2025
Tether aims to double its workforce to 200 by mid-2025, focusing on expanding its compliance team, according to CEO Paolo Ardoino. Tether, the world’s largest stablecoin issuer, is reportedly intending to double the size of its workforce by mid-2025, with a particular emphasis on its compliance team. Tether Holdings Ltd., the issuer of the USDT […]
Blockchain.com to Increase Workforce Amid International Expansion
In early 2024, Blockchain.com plans to add a quarter to its workforce as part of a strategic expansion into new areas, including Nigeria and Turkey. The company appointed Curtis Ting, previously Kraken’s chief of worldwide operations, to lead the growth. Ting’s main responsibilities will be to build localized organizations throughout Europe and establish the company’s […]
OpenSea Slashes NFT Marketplace Staff by 50%
The oldest NFT marketplace on Ethereum, OpenSea is reducing staff as part of a “2.0 strategy” emphasizing dependability, community, and product. On November 3, OpenSea CEO and co-founder Devin Finzer revealed layoffs in a thread on X, a site that was initially Twitter. According to Finzer’s essay, a reevaluation of OpenSea’s “operating culture, product, and […]
Copper To Lay Off Nearly 15% Of Workforce
Copper is set to lay off up to 15% of its workforce as it concentrates on providing institutional clients with custody and settlement services for digital assets. Copper, a provider of digital asset infrastructure, intends to lay off up to 15% of its workforce as it turns its attention to custody and settlement solutions. According […]