Web 3.0 Layoffs

Mark Boiron of Polygon Labs acting serious, with upset employees behind him.
Polygon (MATIC)
Polygon Labs Cuts 60 Jobs to Focus on a Single Narrative

Polygon Labs sacrifices 19% of its workforce hyperfocus on a single narrative.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Man holding a bear on the leash in snow, near an igloo. Coins are scattered around.
Exchanges
Mumbai-Based CoinDCX Exchange Cuts Staff as Crypto Winter Bites Harder

An estimated 70 people have been affected by the cuts, deemed necessary to continue the company’s mission of mass adoption.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Meta CEO Mark Zuckerberg and head of global affairs Nick Clegg exploring the metaverse.
NFTs
Meta’s Metaverse Disaster: Thousands Fired, Projects Abandoned. But “It’s Still the Future”?

In a virtual press conference, Meta's Executive champions Metaverse as the future, despite the company's pivot to AI.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Mickey mouse crying in front of Disney castle.
NFTs
No More Metaverse? Disney Restructuring Affects 7,000

Disney is backtracking from its anticipated web3 storytelling experience as it cuts costs amid economic uncertainty.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Magic Eden NFT robo-boy character holding a crown in front of paintbrush strokes
NFTs
Magic Eden ‘Restructuring’ Effort Claims 22 Jobs

The NFT marketplace is restructuring its team to align with strategic goals for 2023.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
A confused man wearing a hoodie holding crypto wallets.
Crypto Market News
Wyre to Relax Withdrawal Limit After “Strategic Partner” Funding

Wyre said it would continue operating normally and resume accepting deposits.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
A chair with a Wyre logo is being engulfed by a singular force
FTX News
Crypto Payment Firm Wyre May Shut Down its Services in January: Reports

As per reports, the Wyre CEO informed employees in an email that the company would liquidate, terminating their employment.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Three men sitting in conference room
Exchanges
Crypto Exchange Swyftx Dismisses 40% of its Workforce Amidst Poor Market Conditions

As a precaution against the worst-case scenario inflicted by the collapse of FTX, the Swyftx dismissed 90 workers.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Splinterlands video game characters on cards
NFTs
Splinterlands to Reduce Team Size By 45%, Points at Current Market Conditions

Web 3.0 Play to Earn game developer falls victim to market conditions, holds off on making new games, and restructures.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp

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