ZEN INVESTING
Reuters: Federal Reserve Announces Job Cuts
The Federal Reserve plans to eliminate 300 positions by the end of this year, marking its first notable personnel reduction since 2010. The majority of the cuts will target support roles, including technology positions. Despite the resilience of the U.S. economy, the decision is not unprecedented.
GameStop Sacks CFO, Lays Off Multiple Employees in A Fresh Turnaround Plan
GameStop has laid off several employees in the middle of a turnaround plan aimed to help the firm to cut down on costs and grow profit.
Cosmos Blockchain Developer Ignite Layoffs Employees, CEO Peng Zhong Resigns
Ignite CEO, Peng Zhong, has parted ways with the company. A few days ago, the firm announced job cuts of more than 50% of its employees amid the difficult market conditions.
BitPanda Lays off Hundreds of Employees, Citing Tough Market Conditions
The Austria-based crypto trading firm is the latest in a series of startups that have resorted to layoffs since last month, owing to the current difficult market conditions.
Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites
More companies including Crypto.Com and BlockFi announced massive layoffs due to a downturn in their financial valuations amid the wider cooling of the market.