Crypto hiring: More layoffs at ATMTA, Dorsey’s Block gains new board member
crypto Crypto hiring: Mas maraming tanggalan sa ATMTA, ang Dorseys Block ay nakakuha ng bagong board member 6 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Reports of layoffs at crypto companies dominated the headlines this week. Among them is Blockchain gaming company ATMTA, which cut positions by about 80% compared to its peak in late 2022. After laying off 122 employees in the latest round, ATMTA CEO Michael Wagner said in a letter that a core team of 45 people would remain. That team, Wagner said, will focus on building Star Atlas, an upcoming blockchain-based game. Wagner reiterated that ATMTA was impacted by the FTX collapse, which perhaps spurred the first round of layoffs that began in December. One notable departure was Estefan Vazquez, the former head of growth for Star Atlas. “We lost approximately $15 million from our treasury with the collapse of FTX, which represented a significant portion of our liquid cash balance. Even with the recovery in January of a sizable portion of those funds, our runway was greatly reduced,” Wagner wrote in his letter. KuCoin is reportedly laying off about 30% of its workforce of nearly 1,000 employees, crypto journalist Colin Wu iniulat Tuesday. Wu cited three employees with knowledge of the situation. When reached