restructuring
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Hodlnaut Judicial Administrator: Several of Holdnaut’s largest creditors hope to liquidate the company rather than restructure it
According to reports, according to a court document released by the judicial administrator of the bankrupt cryptolending platform Hodlnaut, several of Holdnaut\’s largest creditors
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Meta Platforms to Lay-Off 343 Employees from its New York Office: What We Know So Far
According to reports, a document from the New York State Department of Labor shows that Meta Platforms will lay off 343 employees in its New York City office, and employees were no
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ON APRIL 19TH, META ANNOUNCED LATEST ROUND OF LAYOFFS TARGETING TECHNICAL PERSONNEL
On April 19th, Meta announced the latest round of layoffs, mainly targeting technical personnel. Meta CEO Mark Zuckerberg stated that the layoffs for the business unit will take pl
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#Table of Contents
According to reports, the Web3 esports platform Community Gaming announced the layoffs of 17 employees, accounting for more than 17% of the company\’s total workforce. Chris Gonsalv
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UBS to Cut 20-30% of Workforce After Credit Suisse Acquisition
On April 2nd, according to foreign media reports, a senior manager of UBS revealed that UBS plans to cut 20% to 30% of its workforce after acquiring Credit Suisse, potentially cutt
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CoinFLEX to Distribute Assets to Creditors: What You Need to Know
On April 1st, according to the latest announcement, CoinFLEX will start distributing relevant assets to creditors according to the approved restructuring terms next week, and all L
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Meta has learned that it plans to further lay off employees, and the Meta Universe department may be affected
According to reports, people familiar with the situation said that Meta plans to announce further layoffs in several rounds in the coming months, and the scale of layoffs will be roughly the same as that of 13% layoffs last year. People familiar with the matter said that the first wave of the new round of layoffs is expected to be announced next week. Non-engineering jobs may be particularly affected. At the same time, Meta is expected to close some projects and teams. People familiar with the matter said that the…
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CoinFLEX changed its name to Open Exchange and Leslie Lamb served as CEO
It is reported that Leslie Lamb, the new CEO of Coinflex, shared the news that Coinflex is changing its name to Open Exchange (OPNX) on LinkedIn. The Seychelles court approved the company’s restructuring plan on Monday. The original restructuring proposal of CoinFLEX did not mention the OPNX or brand remodeling plan. Interpretation of this information: The message indicates that Coinflex, a cryptocurrency exchange platform, is going through significant changes. Leslie Lamb, the new CEO of Coinflex, has announced that the platform will change its name to Open Exchange (OPNX). This…
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Voyager: 97% of customers voted for its bankruptcy reorganization plan
According to the report, according to the official Twitter, the encryption lending agency Voyager said that the vote of Voyager customers on the bankruptcy and reorganization of the company had been concluded and finalized. Among the participants, 97% of the customers (98% of the total claims) voted in favor. More information will be released after the hearing on Thursday. Interpretation of this information: The recent report reveals that Voyager, an encryption lending agency, conducted a vote on the bankruptcy and reorganization of the company, and has now concluded the process….
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Meta press spokesman: The Washington Post’s report on the company’s layoffs and restructuring is “untrue”
According to reports, Meta spokesman Andy Stone said that the Washington Post’s report on the company’s layoffs and restructuring was “untrue”. Interpretation of this information: The recent news report by the Washington Post on the restructuring and layoffs at Meta, formerly known as Facebook, has been disputed by the company’s spokesman, Andy Stone. In a statement, Stone has said that the report is not true. While there is no way to confirm the exact details and reasons for the restructuring, it is clear that Meta is undergoing a significant change…
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Messari, a blockchain research company, has cut 15% of its staff
It is reported that Messari, a blockchain research company, has cut its staff by 15%. Ryan Selkis, chief executive of Messari, said that as part of the restructuring, Messari has reduced the number of employees worldwide by 15%. This is a difficult but long-term restructuring, which will help us better meet customers’ data needs in a rapidly developing economic and technological environment. We thank the employees who have resigned for their contributions and provide them with a resignation plan to make a simple transition. Interpretation of this information: The blockchain…
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Meta plans a new round of layoffs or affects thousands of employees
It is reported that Meta is preparing to carry out a new round of layoffs, and entrusts human resources, lawyers, financial experts and senior executives to make plans to reduce the company’s hierarchy. This restructuring and layoffs may affect thousands of employees. According to an insider who didn’t want to be named, Meta plans to push some leaders to lower positions without direct report, so as to flatten the management level between Meta CEO Zuckerberg and company interns. With the expansion of the team size, other managers may eventually manage…
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Celsius plans to sell the retail platform and mining business to NovaWulf
On February 15, it was reported that the debtor of Celsius Network had submitted a sale plan to the United States Bankruptcy Court for the Southern District of New York. This plan is part of the overall restructuring plan of the retail platform and mining business of Celsius. The core is to reach a principled agreement with NovaWulf Digital Management, a digital asset investment company, to sell the retail platform and mining business of Celsius to NovaWulf. Interpretation of this information: The recent news regarding Celsius Network’s debtor submitting a…
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Solana Ecological NFT Market Magic Eden announced that it would restructure and lay off 22 people
On February 14, Jack Lu, founder of Magic Eden, the Solana ecological NFT trading platform, tweeted that today is a sad day for Magic Eden. As part of the company’s restructuring, we made a difficult decision to break up with 22 teammates. This decision did not affect the talent, effort and dedication of this group. Interpretation of this information: The tweet from Jack Lu, the founder of Magic Eden, has drawn attention to the restructuring process of the Solana ecological NFT trading platform. This tweet was posted on February 14,…