Amazon Dismissing Additional 9,000 Employees, Extending Its Record Layoff

Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy. E-commerce giant Amazon (NASDAQ: AMZN) has announced the additional layoff of 9,000 workers extending its recent record job cuts. The company announced in January that it would dismiss some staff, no less than 18,000. Amazon noted … Read more

Anchorage Digital Sends Home 75 Employees amid Crypto Regulatory Uncertainty

Anchorage Digital was the first federally chartered crypto bank in the United States after it raised $350 million at more than $3 billion valuation in 2021. Anchorage Digital, an institutional-grade cryptocurrency platform, has reportedly sent home 75 employees, representing 20 percent of the total workforce. According to a report by Bloomberg, Anchorage Digital cited the … Read more

Coinbase Confirms Cybersecurity Attack Targeted at Employees

Coinbase said its Computer Security Incident Response Team (CSIRT) quickly stepped into the situation. Crypto company Coinbase (NASDAQ: COIN) confirmed a cybersecurity attack targeted at its employees. The company said it was briefly compromised by the so-called “0ktapus” hackers who struck many organizations in 2022. Some of the hackers’ victims are Twilio (NYSE: TWLO), IT … Read more

Ford to Dismiss Almost 4,000 Employees as It Shifts to ‘Leaner’ Structure

Earlier this month, Ford reported mixed earnings results for Q4 2022, performing below analysts’ expectations. Automobile manufacturer Ford Motor Company (NYSE: F) has announced its plan to transition to a “leaner” structure, which will result in dismissing nearly 4,000 employees. The company is shifting its focus on EV production and precisely cutting 3,800 jobs across Europe over … Read more