In a significant move reflecting the challenges faced by the cryptocurrency industry, Consensys, a leading Ethereum software company, has announced job cuts affecting 20% of its workforce. This decision translates to the termination of approximately 162 employees from a total staff of 828. Joseph Lubin, the CEO of Consensys, cited ongoing macroeconomic challenges and increased […]
Meta Faces Another Round of Layoffs Affecting Threads and Other Teams
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is once again in the news for its workforce reductions. On October 17, 2024, the company announced another wave of layoffs, which significantly impacts various teams, including those associated with Threads, recruiting, legal operations, and design. This strategic move is part of Meta’s ongoing effort […]
CVS to Lay Off 2,900 Employees, Considering Company Breakup
In a significant restructuring move, CVS Health has announced its decision to lay off approximately 2,900 employees, a move that represents less than 1 percent of its total workforce. This strategic decision, unveiled on a recent Tuesday, is part of a broader initiative aimed at cost-cutting and operational efficiency. Importantly, CVS emphasized that these layoffs […]