GameStop CFO Fired Amid Cost-Cutting Drive – Crypto News
GameStop (GME)'s chief financial officer (CFO) Mike Recupero has departed the video game retailer as part of a cost-cutting drive following a hiring spree in the last 18 months. Source link
Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures – Crypto News
Cryptocurrency exchange Bybit is to cut its workforce by as much as 30% in response to its business not growing at the same rate as its headcount, according to a report. Source link
Coinbase Announces Cost-Cutting Measures as Crypto Firms Face Bear Market – Crypto News
The Coinbase news follows an announcement of layoffs at fellow exchange Gemini earlier today. Source link
Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report – Crypto News
In its first-quarter earnings report, Coinbase reported lower-than-expected revenues, and a quarterly net loss of $430 million, compared with a profit of $840 million in the fourth quarter of 2021. The company said it expected about $1.7 billion of stock-based compensation expenses, up