Layoffs

The Board of OpenAI dismissed co-founder of ChatGPT, Sam Altman, leading to significant internal senior dismissals and partners Microsoft also responded.

Ava Labs, the driving force behind the Avalanche Blockchain, has made a strategic decision to reduce its workforce by 12%, allowing for the repositioning of resources to fuel the growth of both the company and the wider Avalanche ecosystem.

The exchange was backed by prominent investors, including Sequoia Capital India

Amid heightened regulatory scrutiny and declining market share, Binance is slashing employee benefits.

Binance could let go of up to 20% of its current workforce in June, but refuses to call its resource allocation plans a “rightsizing.”

While at least 40 staffers have left the crypto payments startup in the past six months, MoonPay insists it “continues to smart scale the team.

40% of Singaporean investors are expected to invest in cryptocurrencies over the next 12 months

This comes as part of company-wide layoffs that are expected to see around 7,000 leave the company over the next two months.

The report claims that the tech giant could fire thousands of workers as soon as this week.