The crypto and tech industry has seen a slew of staff cuts this week against a backdrop of difficult market conditions, though on a positive note, some are bucking the trend.
Digital Currency Group lays off 10% of staff: Report Web3 conglomerate and venture capital firm Digital Currency Group (DCG) let go of around 10% of its workforce, according to a Nov. 1 Bloomberg report that saw 10 employees exit the company bringing its headcount to a total of 66.
Cointelegraph contacted DCG to confirm the report but did not receive a response.
A BitMEX spokesperson told Cointelegraph on Nov. 1 that an earlier report citing 30% of staff would be cut was “inaccurate and too high,” but with its focus back on derivates trading, an “undesirable consequence” was that “we had to make changes to our workforce.”
Coinbase CPO quits to take a breather The now former chief product officer for crypto exchange Coinbase, Surojit Chatterjee, in a Nov. 3 LinkedIn post revealed he had left his position at the company saying “it’s time to get off the ride and catch my breath.”
OKX opens in the Bahamas — plans to hire 100 locals Meanwhile, crypto exchange OKX appears to be looking to scoop up staff and said on Nov. 3 it plans to fill 100 job openings.
Source: Cointelegraph
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