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“Winklevoss twins’ Gemini slashes 10% of staff during crypto crash” Crypto winter is coming. The Winklevoss twins’ cryptocurrency trading hub Gemini is slashing staff for the first time since the firm was founded in the latest sign of turmoil related to the recent plunge in crypto prices. Cameron and Tyler Winklevoss – best known for…
“companies axe workers at highest rate since 2020” Technology companies in May axed employees at the highest rate in two years, as rising interest rates and a stock market selloff squeeze startups and Big Tech firms alike. Sixty-six tech firms handed out a whopping 16,800 pink slips last month. That’s more than the 13,600 layoffs…
“Bolt lays off staff as payments startup fights lawsuit from biggest customer” Embattled checkout payments startup Bolt on Wednesday became the latest tech startup to lay off employees in an increasingly brutal market. CEO Maju Kuruvilla broke the news in a note to employees, writing that the company is “reducing the size of our workforce…
“Delivery app Getir axing 14% of employees, NYC workers outraged” Rapid delivery app Getir said Wednesday that it plans to cut 14% of its global workforce — but gave employees no detail on who’s getting the ax, leaving New York City store and delivery workers anxious and angry. Getir CEO Nazım Salur broke the news…
“Mark Zuckerberg doesn’t expect Meta layoffs despite stock crash: report” Mark Zuckerberg is reportedly telling Meta employees that he has no plans for layoffs — even as the company vows to tighten its belt with its stock down 43% so far this year. After the Facebook and Instagram parent company instituted hiring freezes for many…
“Netflix lays off estimated 150 staffers in latest round of cuts” Netflix is laying off roughly 150 employees weeks after the streaming giant posted its first loss in subscribers since 2011. The job cuts were outlined in an internal memo obtained by The Hollywood Reporter, which first reported the news. A Netflix spokesperson confirmed the…
“CNN gave staffers CNN+ ‘gift boxes’ after firing them: report” Ex-staffers at CNN+, who were fired last month after the month-old streaming service was abruptly shut down, got gift boxes the following week that were filled with CNN+ swag, according to a report. CNN’s new parent company Warner Bros. Discovery delivered a “gut punch” to…
“CNN boss plans to experiment in Chris Cuomo’s old primetime slot: report” CNN’s new boss is not ready to fill Chris Cuomo’s old primetime slot just yet. Chris Licht, who this week replaced scandal-tarred Jeff Zucker as CEO, told employees at a town hall meeting Thursday that he is shooting to have a new show…
“Angry Netflix employees take to Twitter after getting laid off” Angry Netflix employees took to Twitter Thursday after learning they had been laid off at the streaming giant, home to hit shows like “Inventing Anna,” “Squid Game” and “Bridgerton.” Although the exact number of layoffs could not be immediately learned, many of the employees were…
“Robinhood Markets to cut its workforce by 9%” Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which is reporting its quarterly results later this week, said the rapid headcount growth has led to some…