Robinhood's recent layoffs and broader crypto industry cuts are seen as a sign of a late bear market, though Altcoin Pro experts advise against panic.
Digital asset custodian BitGo has reduced its workforce by 15% to strategically prioritize its artificial intelligence (AI) and stablecoin initiatives.
Digital asset custodian BitGo has laid off 15% of its staff, with CEO Mike Belshe stating the company will focus on AI and stablecoins.
Ethereum experienced a significant week with the launch of EthLabs and layoffs at the Ethereum Foundation, leading to bullish sentiment among some crypto figures.
The Ethereum Foundation laid off 54 employees and plans a 40% budget cut, as stated by Vitalik Buterin, amidst a new organizational structure.
Despite CEO Vlad Tenev's claims of business strength, Robinhood is reducing its workforce by approximately 10%.