workforce

According to market news, informed sources indicate that Polygon has recently implemented a large-scale internal layoff, with about 30% of employees being dismissed this week. On social media, several Polygon-related employees and ecosystem members have posted information about resignations or team changes.This layoff occurs after Polygon's strategic shift towards stablecoin payment and the completion of the acquisition of Coinme and Sequence for a total of $250 million. Polygon Labs' communications director, Kurt Patat, confirmed that the layoffs are part of the team integration measures following the acquisition, and the total number of employees is expected to remain stable.

ChainCatcher news, Federal Reserve Chairman Powell stated that the number of Federal Reserve employees is significantly decreasing, with the Federal Reserve currently laying off 10%. "After the layoffs are completed," the number of employees at the Federal Reserve will return to the level of ten years ago. When discussing the prospects for reform at the Federal Reserve, Powell said, "We certainly welcome constructive criticism and ways to do our job better," but he does not believe a formal review of the Federal Reserve is necessary. (Jin Ten)

ChainCatcher news, according to Bloomberg, Ethereum co-founder Joseph Rubin's software company Consensys is currently planning to lay off 49 employees, accounting for about 7% of the total workforce.A company spokesperson stated that this restructuring is aimed at enhancing overall profitability. Consensys recently acquired a startup with about 30 employees, who will remain with the company. At the same time, the company still plans to continue hiring for other positions. Consensys's largest office is located in Brooklyn.

ChainCatcher news, according to Reuters, Apple is considering using artificial intelligence to accelerate the design of its custom chips for devices. Apple's Senior Vice President of Hardware Technologies, Johny Srouji, stated that a key lesson the company has learned is the need to use cutting-edge tools for chip design. "Electronic Design Automation (EDA) companies are crucial in supporting the complexity of our chip designs, and generative AI technology has tremendous potential to accomplish more design work in a shorter time, which can greatly enhance productivity." However, according to AppleInsider, Apple has been using AI in its designs to some extent for years, relying on third-party EDA companies that have utilized AI and machine learning in chip design.Meanwhile, software giant Microsoft plans to lay off thousands of employees as it streamlines its workforce to keep pace with competitors in the context of increasing AI investments. Currently, Microsoft is integrating AI more into its products and services. This week, Amazon CEO Andy Jassy also stated that the rollout of generative AI and agent AI in the coming years will reduce its workforce.

ChainCatcher news, according to CNN, the government efficiency department led by Musk has proposed a significant reduction in the size of the IRS, aiming to cut nearly 20% of its workforce by May 15 (one month after the U.S. tax day). President Trump has ordered federal agencies to submit "massive" layoff plans by local time Thursday.According to a source familiar with the matter, the details of the IRS proposal have been shared in an email from the government efficiency department and will be discussed at a leadership meeting on Thursday morning. The latest round of layoffs will dismiss nearly 6,800 employees, in addition to about 6,700 already laid-off probationary employees and 4,700 employees who accepted the Trump administration's voluntary buyout program.

ChainCatcher news, as reported by Bitcoin Magazine, California Assembly member Phillip Chen has appointed the nonprofit organization Proof of Workforce to assist in drafting legislation supporting Bitcoin and to explore how Bitcoin can benefit the state.

ChainCatcher news, OpenAI CEO Sam Altman stated in a recent blog post that the company is confident it has mastered the methods for building AGI (Artificial General Intelligence). He predicts that by 2025, we may see the first AI agents "join the workforce" and significantly change business output.Altman reflected on the two-year journey of ChatGPT, noting that the product has grown from an initial 100 million weekly active users to over 300 million. He emphasized that OpenAI is shifting its focus towards the development of superintelligence, believing that this will significantly accelerate scientific discovery and innovation, leading to greater societal prosperity.Regarding the "lightning layoffs" incident last November, Altman described it as "a major governance failure," but also stated that the experience has made him a more thoughtful leader. He particularly thanked Ron Conway and Brian Chesky for their support during the crisis, stating that without their help, OpenAI might have fallen apart.

ChainCatcher news, according to Bloomberg, stablecoin issuer Circle Internet Financial Ltd. announced that the company has conducted layoffs as part of a regular operational review.A Circle spokesperson stated that the number of layoffs accounts for less than 6% of Circle's total workforce. The company will continue to invest in AI-driven regional growth, efficiency, and productivity. Circle will regularly review our investments and expenditures, which includes investing in teams and operational infrastructure that need development, while slightly reducing spending in other business areas and some positions. In June, Circle stated that the company had 882 employees.

ChainCatcher news, Wintermute Asia recently announced that it will establish a new headquarters in Singapore, doubling its workforce in the Asia-Pacific region. The digital asset derivatives trading division of Wintermute Group stated that it is "actively recruiting top talent that is crucial for expanding the business." (Blockworks)

ChainCatcher news, according to the official announcement, the decentralized workforce benefits platform Craftt has completed a $2 million seed round of financing, led by Superscrypt, with participation from DCG and several well-known angel investors. Craftt aims to provide universal benefits for the modern workforce, helping independent workers gain financial confidence and achieve work freedom and flexibility.Craftt Pass is now in open testing. Recently, Craftt completed integration with World’s digital human identity verification system World ID, allowing its over 7 million users to log in to Craftt Pass using World ID.Craftt plans to continue developing Layer-2 infrastructure, expand ecosystem collaborations, and further enhance users' benefits and income opportunities.

ChainCatcher news, cryptocurrency concept stock Beyond Inc. will lay off about 20%, with layoffs expected to be primarily implemented in the fourth quarter. The company's Chief Product Officer (CPO) Robinson was dismissed without cause, effective October 22, 2024.

ChainCatcher news, digital asset trading software provider Talos Trading Inc. is preparing to double its workforce in the Asia-Pacific region over the next 12 months.The New York-based cryptocurrency unicorn, backed by A16z, has identified Asia as its primary market, benefiting from its strong cryptocurrency foundation and regulatory clarity in jurisdictions such as Hong Kong, Singapore, and Japan.The Asia region currently contributes the majority of Talos's revenue. It is reported that Talos completed a $40 million Series A funding round in 2021, led by a16z, with participation from PayPal Ventures and Fidelity Investments.

ChainCatcher news, Radix decentralized finance (DeFi) platform developer RDX Works has laid off 15% of its workforce to reduce costs. The company's CEO Piers Ridyard confirmed in a statement made on August 29 in the company's official Telegram group that the layoffs are part of a "refocus" and a "more comprehensive transformation" that needs to take place.Piers Ridyard stated, "One of those is cost-cutting. As part of the cost-cutting measures, we at RDX Works have made the difficult decision to reduce our total workforce by approximately 15%, and this decision has been completed today."It is reported that the Radix network officially launched its mainnet in July 2023, providing development tools to build and run decentralized applications (DApps) and financial services on the blockchain.

ChainCatcher news, Tether CEO Paolo Ardoino stated in an interview with Bloomberg that he plans to double the workforce in the next year to strengthen capabilities in areas such as compliance, expecting the number of employees to reach around 200 by mid-2025.

ChainCatcher news, Forbes cites sources reporting that BlackRock plans to announce layoffs of about 3% of its global workforce, approximately 600 employees, in the coming days.According to insiders, the plan has not been made public yet and is referred to internally as a routine operation.