Block stock slides 5% as Mizuho flags spending post-layoffs
Analysts stayed constructive after the Q2 beat, but Mizuho's question cuts at whether the 40% headcount cut is actually translating to a leaner cost base.
Every Zipp story tagged #Layoffs, newest first.
Analysts stayed constructive after the Q2 beat, but Mizuho's question cuts at whether the 40% headcount cut is actually translating to a leaner cost base.
The DCG-owned exchange shrinks for the second time in three years, betting that B2B white-label deals and leaner ops can offset a thinning retail book.
Roughly 85 roles are gone, but Uphold is not closing any office: the bet is that banks, fintechs and broker-dealers will keep hiring crypto infrastructure even as retail traders have stopped logging…
The wallet provider is shrinking roughly a quarter of its headcount to fund a build-out of stablecoin payment rails, a bet that the next growth lane for self-custody wallets is merchant and…
The layoff is large but the strategic read is bigger: a publicly listed crypto wallet is rewriting itself as a full-stack payments company on the back of Monavate and Baanx.
The pivot from base-layer infrastructure to payments is a survival move, not a growth one. Polygon is trading developer mindshare for a narrower bet on stablecoin rails.
The layoffs arrive as Polygon Labs pushes to finalize its Coinme acquisition and refocus the business around payments infrastructure, marking the second workforce reduction this year.
The complaint lands as Meta continues a multi-thousand-person workforce reduction and pushes AI deeper into HR and performance evaluation workflows.
Roughly 54 roles are going as the Foundation reorganizes around the Mandate and a new Treasury Management Policy, signaling a narrower execution focus at the top of Ethereum's core org.
The 54-person reduction lands alongside nine senior departures in six months and a separate institutional push led by SharpLink, BitMine, and Joseph Lubin, exposing fault lines inside the ecosystem's…
Robinhood Markets (HOOD) said Tuesday it is laying off roughly 10% of its workforce, a move CEO Vlad Tenev framed to…
Ben Zhou told the When Shift Happens podcast that most firms cutting headcount and blaming AI are masking ordinary restructuring, and that the harder unsolved problem is measuring what generative AI…
Dune joins a growing list of crypto media and data firms shrinking headcount while betting AI tooling lets a smaller team cover the same surface — the structural read is on the rest of the…
The headline number is the headcount, but the framing matters: Coinbase is rewriting its own operating model around AI leverage, not just trimming for the cycle.
Armstrong framed the 660-person reduction as the convergence of two forces: a down market and AI-driven productivity gains that let smaller engineering teams ship faster — but the move lands in a…
Coinbase is laying off approximately 14% of its staff, with CEO Brian Armstrong pointing to market conditions and a…