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Tag: cut staff

A Growing List Of Unicorns Haven’t Raised Funding For 3-Plus Years

Startups — much like cars — can usually go only so long before needing to refuel. How long, of course, will vary. Some go years...

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China Wants AI Chatbots To Follow Communist Party Censorship Rules

Mark Zuckerberg may have popularized the term “metaverse”, but the Meta founder and CEO may no longer be pitching the metaverse to users and...

Are Startup Investors Weary Of The American Consumer?

American consumers are used to brands catering to our every whim. From footwear to skincare to pets, stores and warehouses are stuffed with products...

Polygon Labs cut 20% of workforce

Polygon Labs, the software development company behind Ethereum Layer-2 scaling solution Polygon, is firing 20% of its workforce, or about 100 positions, as part...

January Monthly Recap: OpenAI Raised A Third Of All Funding

It is not every month that a company raises $10 billion in capital, but generative AI startup OpenAI did just that. Led...

Till Payments to cut 120 staff

Australian payments processor Till Payments is shedding 40% of its workforce, joining the long line of fintechs which have been forced to cut...

Top tech startup news for today Friday, January 13, 2023: Crypto.com, Meta, SmartNews, Tencent, and WeChat

Good evening and happy Friday! It’s a super light news day so we’re not going to cover much ground today. With that, below are some...

Crypto.com to lay off 20% of its employees as FTX contagion spreads further into the crypto market

Crypto winter has come for Singapore-based Crypto.com. The crypto exchange announced on Friday it would be laying off about 20% of its workforce, as...

SBF pleads not guilty, crypto layoffs, and bank run on Silvergate: Hodler’s Digest, Jan. 1-7

Top Stories This Week Sam Bankman-Fried enters not guilty plea for all counts in federal court Former FTX CEO Sam Bankman-Fried (has pleaded not...

Crypto Exchange Huobi to Lay off 20% of Staff: Report

Crypto exchange Huobi is set to lay off 20% of its staff, per sources reported by Reuters.Justin Sun, a prominent crypto entrepreneur who joined...

NEAR Protocol Project Octopus Network Lays Off 40% of Team

Octopus Network has announced a set of restructuring measures amid current bleak market conditions, which will see roughly 40% of its members (12 out...

Cooling Demand Squeezes Factory Activity in Europe and Asia

Factories in Europe and Asia struggled in November due to weakening global demand, with the pressure unlikely to let up in the months ahead.Business...

UK government drops ‘legal but harmful’ clause from new online law

The UK government is scrapping controversial powers to force internet companies to take down “legal but harmful” content, following a backlash from the tech...

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