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CryptoCurrency
Indian Crypto Tax Rules Cited as One of Three Reasons for CoinDCX’s Job Cut of 12%
The other two are difficult macro conditions and low crypto asset prices.
The number of digital asset exchanges slashing employment is on the rise.
Wednesday, 23/08/2023 | 07:28 GMT
by
Damian Chmiel
CryptoCurrency
KuCoin Dismisses Reports of Massive 30% Staff Cuts, Labels It as 'Evaluation'
KuCoin's CEO calls the reports rumors, but does not deny the cuts.
A few days earlier, the WSJ reported that Binance had laid off more than 1,000 people.
Wednesday, 26/07/2023 | 07:30 GMT
by
Damian Chmiel
Retail FX
Robinhood Trims Workforce Again as Retail Investor Activity Wanes
Third time's a charm? The retail trading company cuts jobs amid declining volumes.
The HOOD laid off 1,000 people in 2022, and about 150 will lose their jobs now.
Tuesday, 27/06/2023 | 08:43 GMT
by
Damian Chmiel
Institutional FX
UBS' CEO Suggests Massive Job Cuts Loom for Credit Suisse's Investment Banking Division
The decision is explained by the need to reduce costs.
However, UBS does not provide exact figures.
Monday, 19/06/2023 | 10:33 GMT
by
Damian Chmiel
Retail FX
Freetrade Stock Trading App Slashes Valuation by £425 Million
The startup reduced its valuation by 65% as FinTech companies face a severe sell-off.
The decision emerges in anticipation of a crowdfunding campaign planned this month.
Wednesday, 14/06/2023 | 11:31 GMT
by
Damian Chmiel
Institutional FX
StanChart Aims to Cut $1 Billion in Costs, Starting with 100 Layoffs
The lender will let go of some of the employees in Asia and London.
StanChart joins the lengthening list of banks cutting jobs.
Thursday, 08/06/2023 | 06:22 GMT
by
Damian Chmiel
Institutional FX
Goldman Sachs Trims Its Ranks Again amid Market Slowdown
Goldman Sachs cut employment before, in September and in January.
Other Wall Street Banks also announced cuts this month.
Wednesday, 31/05/2023 | 08:35 GMT
by
Damian Chmiel
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CryptoCurrency
Nansen to Lay Off 30% of Staff, CEO Cites Challenging Market Conditions
The blockchain company presented two main reasons for the move.
The company had grown dramatically in the pandemic and then encountered a crypto winter.
Wednesday, 31/05/2023 | 07:39 GMT
by
Damian Chmiel
Institutional FX
Top Chinese Bankers among Morgan Stanley's 3,000 Job Cuts
Morgan Stanley continues its job-cutting spree, with a particular focus on China.
The lender plans to trim employment by 3,000 positions by the end of the financial quarter.
Monday, 29/05/2023 | 13:27 GMT
by
Damian Chmiel
Institutional FX
JPMorgan to Lay Off 1,000 Staff from the Bankrupt First Republic
JPM wants to lay off 1,000 of approximately 7,000 employees of bankrupt FRB.
Before the collapse, the institution had plans to cut its workforce by 25%.
Friday, 26/05/2023 | 07:58 GMT
by
Damian Chmiel
Executives
Goldman Sachs Talent Storm as Executives Head to Competitors
Key personnel exits Goldman Sachs for competing firms.
Three months ago, the lending giant announced massive layoffs.
Thursday, 20/04/2023 | 10:45 GMT
by
Damian Chmiel
Institutional FX
Barclays Joins the Layoffs Bandwagon, Cuts 100 Jobs in Investment Banking
Investment giant prepares for another round of job cuts.
However, the cuts are more modest than those of competitors.
Monday, 17/04/2023 | 09:30 GMT
by
Damian Chmiel
Institutional FX
UBS Slashes 36,000 Jobs Following Credit Suisse Takeover
UBS leads the layoffs in the finance and technology sector.
The massive job cuts started in October 2022.
Wednesday, 05/04/2023 | 08:28 GMT
by
Damian Chmiel
Institutional FX
Credit Suisse Delays Annual Report and Cuts Investment Banking Jobs
CS shares fell after the SEC call forced the lender to delay its report.
Additionally, the bank is cutting other investment banking jobs.
Thursday, 09/03/2023 | 12:05 GMT
by
Damian Chmiel
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Institutional FX
JPMorgan Joins the Investment Banking Jobs Cuts Wagon
Goldman and Morgan Stanley previously announced similar moves in the region.
JPM wants to reduce 30 jobs, mainly in junior-level positions.
Tuesday, 21/02/2023 | 11:11 GMT
by
Damian Chmiel
CryptoCurrency
Crypto Platform Luno Sheds 35% of Workforce
Luno is a part of DCG, which is also reducing its current employment.
The company misjudged the level of industry slowdown during the crypto winter.
Thursday, 26/01/2023 | 09:06 GMT
by
Damian Chmiel
CryptoCurrency
Third Time's the Charm? Gemini Cuts its Workforce Once Again
Gemini cut jobs by 10% in June and then by 7% in July 2022.
The third round of layoffs comes when the crypto prices are strongly rebounding.
Tuesday, 24/01/2023 | 10:23 GMT
by
Damian Chmiel
CryptoCurrency
ConsenSys Joins Crypto Layoffs with 11% Workforce Cut
The company will lay off 96 employees.
Many other companies in the crypto space have made similar decisions.
Thursday, 19/01/2023 | 10:10 GMT
by
Damian Chmiel
Institutional FX
Credit Suisse Starts Job Cuts, Goes after European Investment Bankers
Credit Suisse aims to cut 10% of its European investment banking staff, FT reveals.
In total, CS wants to reduce its workforce by 9,000.
Monday, 16/01/2023 | 12:17 GMT
by
Damian Chmiel
CryptoCurrency
Binance Hires When Coinbase Cuts Employment amidst Crypto Winter
Binance wants to increase its staff by another 30% in 2023.
Meanwhile, other major crypto exchanges are reducing employment.
Thursday, 12/01/2023 | 09:59 GMT
by
Damian Chmiel
Institutional FX
Goldman Sachs Joins Layoff Wagon, Wants to Cut 3,200 Jobs
According to previous reports, Goldman Sachs wanted to cut 4,000 jobs.
The layoffs come as an answer to worsening economic conditions.
Monday, 09/01/2023 | 09:30 GMT
by
Damian Chmiel
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Institutional FX
Goldman Sachs May Start New Year with 4,000 Job Cuts
Goldman Sachs considers cutting its workforce by 8%, according to Bloomberg.
The layoffs are expected to take place in the first half of January.
Thursday, 29/12/2022 | 08:58 GMT
by
Damian Chmiel
FinTech
Checkout.com Cuts Internal Valuation by $29bn
The payments company feels the current market blues.
Stripe and Instacart have also reduced their valuations recently.
Tuesday, 13/12/2022 | 13:22 GMT
by
Damian Chmiel
CryptoCurrency
Robinhood Cuts Its Workforce by 23% Due to ‘Deterioration of the Macro Environment'
Approximately 780 employees will be laid off.
The anti-money laundering team will remain intact.
Wednesday, 03/08/2022 | 10:55 GMT
by
Matti Williamson
Brokers
Nomura to Lay Off 100 Employees in its European Business
The firm is also planning to downscale is G10 FX, emerging markets and flow credit business.
Thursday, 04/04/2019 | 12:40 GMT
by
Celeste Skinner
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