Robinhood lays off almost a quarter of its staff
For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company it would lay off 23 percent of its workforce. According to CEO…
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Rivian lays off 6 percent of its workforce as it struggles with EV production
As expected, electric pickup manufacturer Rivian is laying off 6 percent of its 14,000-strong workforce in an effort to boost production without raising more…
Shopify Lays Off 10 Percent Staff as Shopping Boom Fades Post COVID Pandemic
Canadian e-commerce platform Shopify laid off about 10 percent of its workers Tuesday as a pandemic-driven boom in online shopping has waned.The reduction in…
Lyft Rentals shuts down as the ride-sharing company lays off about 60 people
Lyft launched its rental car service in December 2019, more than a year after Uber shut down a similar program that provided rental cars and access to…
SEC Chairman Gary Gensler Lays Out Regulatory Responsibilities Around Crypto
The US Securities and Exchange Commission (SEC) chairman Gary Gensler said the commission might tailor securities laws for crypto companies to comply. In an…
Giant NFT marketplace OpenSea lays off about 20 percent of its staff
OpenSea co-founder and CEO Devin Finzer revealed this afternoon that the NFT marketplace is laying off about 20 percent of its employees. Finzer did not…
Tonal lays off 35 percent of its workforce
Connected fitness equipment maker Tonal is laying off 35 percent of its workforce, according to . Like Peloton, the company grew its headcount significantly…
Ford-backed autonomous car startup Argo AI lays off 150 employees
Argo AI, an autonomous vehicle startup backed by both Ford and Volkswagen, has laid off about 150 employees, as reported earlier by Bloomberg and The Wall…
Twitter lays off nearly 100 employees from its recruiting team
Twitter has laid off dozens of employees amid growing uncertainty around Elon Musk’s acquisition. The company cut 30 percent of its talent acquisition team,…
Crypto Lending Firm Celsius Lays Off 25 Percent Staff Amid Tumbling Market Situation: Reports
Celsius Network, a cryptocurrency lending platform based in the US, has become the latest entrant in the list of crypto firms that are having to fire their…