NFT News by Thebittimes.Com

GameStop had laid off another round of employees. Neda Pacifico—SVP, Ecommerce at the company—posted on the business and employment-oriented online service platform, “Tough day today as we let go a number of wonderful, talented, collaborative folks across product, engineering, marketing, operations…and others.” Daniel Williams, Lead Software Engineer at GameStop confirmed the same by posting that another “big round of layoffs ” was in progress. Source: LinkedIn Crypto Wallet Engineers Impacted Will Helms, a Software Engineer at the company went on to share that he was a part of the layoffs . Nevertheless, he added that it was a pleasure working with “the best team” he’d been a part of. Helms also chalked out that it was “so fun” to work on a particular “super strong product” in the GameStop mobile app. Source: LinkedIn One unnamed source from the company told Axios the team buil...

This year has been the year of layoffs . Right from macroeconomic conditions not being that supportive, to companies noting a drop in their revenues, the collection employment industry has not been ideal. To add more, the crypto space—in particular—has witnessed one debacle after the other including the collapse of well-established, well-reputed firms. Being exposed to such beleaguered companies has parallelly dented the prospects of other associated companies as well. As a result, to stay afloat and cut down on expenses, companies have been reducing their headcount. At the beginning of the month, in just a span of half a day, three large crypto firms—Galaxy Digital, BitMEX, and DCG—made layoff-related announcements. Amid the market turmoil last week, prominent exchange Coinbase laid off 1.2% of its staff [60 members] last week. In fact, crypto ETF Provider Valkyrie Investments was the latest company to let go of roughly 30% of its staff. Commenting...