Layoffs

Binance Slashes Worker Benefits as Profit Falls: WSJ

Just last week, it was reported that Binance has cut more than 1,000 employees around the world.

Coindesk·2023/07/17 17:03

Binance Cut 1,000 Workers in Recent Weeks: WSJ

The layoffs were happening globally as the exchange deals with regulatory challenges and ongoing investigations.

Coindesk·2023/07/14 16:52

Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally

While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.

Coindesk·2023/07/12 18:01

Robinhood Sheds Jobs for Third Time Since April 2022: WSJ

The company made the cuts as it adjusts to a slowdown in customer trading activity.

Coindesk·2023/06/28 05:39

Binance.US Cuts Staff After SEC Suit, Citing ‘Very Costly Litigation Process’

Reports suggest about 10% of the company’s employees were laid off.

Coindesk·2023/06/15 20:01

Flash

03:56
A Curve community member proposes halting all subsequent Layer 2 development, citing minimal returns and high operational pressure
According to ChainCatcher, Curve community member phil_00Llama recently initiated a proposal to "halt all subsequent Layer 2 development." The proposal suggests that already deployed L2s may be retained, but recommends terminating further development. The proposer believes that L2 chains require maintenance efforts on par with the Ethereum mainnet, yet generate minimal returns (currently, the combined daily revenue of all L2s is about $1,500). L2 technology evolves rapidly and tends to have a short lifespan, resulting in significant operational pressure. The development team could instead focus their efforts on more valuable areas. So far, only one community member has commented on the proposal: "This proposal is so radical that it deserves a more thorough explanation."
03:36
Lido Co-Founder: Contributor Team to Be Downsized, Around 15% of Employees Affected
According to ChainCatcher, Lido co-founder Vasiliy Shapovalov stated on social media last weekend: "To ensure long-term sustainability, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of the contributor team, with about 15% of employees affected. This decision is not related to job performance, but is purely a cost consideration. It is a tough choice, but it is made with long-term resilience in mind. Although making such a decision during a market uptrend may seem counterintuitive, it demonstrates our strong commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is planning for development over the coming decades, and this adjustment will help solidify that foundation."
03:36
Fairmint CEO: Tokenized Securities and On-Chain Equity May Reshape Capital Markets
According to ChainCatcher, as reported by Crowdfund Insider, Fairmint CEO and co-founder Joris Delanoue recently shared the latest insights on tokenized securities and on-chain equity. Delanoue stated that since its founding in 2019, Fairmint has been building infrastructure to support on-chain equity and launched the Open Cap Table Protocol (OCP), claiming to have processed over $1 billion in native on-chain equity. He pointed out that on-chain equity means issuing and managing company shares directly on the blockchain, with smart contracts reflecting ownership, transfer rules, and compliance conditions in real time. Delanoue emphasized, "For founders, this is transformative. They can embed rules such as investor eligibility, transfer restrictions, or price thresholds directly into the equity itself. For shareholders, it means self-custody—you are not just listed in someone else's private database, but truly hold your own on-chain investment portfolio, able to view, verify, and transfer shares (if conditions permit)." He also mentioned that although U.S. securities laws still apply, on-chain equity offers a simpler and more transparent experience for all participants.