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Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift

Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy ShiftMatter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and […]

US Bitcoin ETFs bleed $288 million post-Labor Day

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees GoThe crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan […]

US Bitcoin ETFs bleed $288 million post-Labor Day