Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs. According to a Friday blog post, CoinFLEX said it had cut some staff across “all departments and geographies” as part of measures to reduce the company’s costs by 50% to 60%. The majority of the remaining team members will focus on product and technology, and the exchange said it would consider scaling as “volume comes back.” “The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange. On Saturday, CoinFLEX halted withdrawals after an unnamed party reportedly failed to meet a $47 million margin call. CEO Mark Lamb later took to Twitter to confirm rumors that CoinFLEX ...
Sergey Vasylchuk, the chief executive officer of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals amid a market downturn and ongoing conflict in the country. In a Wednesday Twitter thread, Vasylchuk said Everstake had hired 30 people since the Russian war against Ukraine started in February, and the firm still had more than 10 positions in marketing and development to fill. According to the CEO, Everstake is “not firing anybody” and had made preparations for a “special fund” to tide the firm over in the event of a bear market. “An important part of doing business is assessing and addressing all potential risks,” said Vasylchuk. “We couldn’t help but expect another market crash simply because risk management dictat...
The crypto job market shows few signs of slowing down despite high profile cases of staff layoffs and hiring freezes across big tech companies. In recent weeks, several major tech companies have announced a paring back of staff, citing a downturn in the traditional market and narrowing demand for products that had boomed during the pandemic. Recently announced hiring cuts include Twitter, Uber, Amazon and Robinhood. On Tuesday, movie streaming service Netflix terminated the roles of 150 mostly U.S.-based employees, amidst a slowdown in revenue growth. Earlier this month, Facebook parent company Meta instituted a hiring freeze for most of its mid and senior level positions after failing to meet revenue targets. A Netflix employee post on LinkedIn The crypto industry has not been total...
Consequence is seeking interns with a passion for music, film, TV, and pop culture for Spring 2022. All candidates will work remotely, and must be available to work approximately 15-20 hours per week on Eastern Standard Time. Interns will be compensated for their time with a stipend. Interns will participate in an educational program, with opportunities to hone their industry experience and knowledge both within and outside of the department for which they intern. Experience writing clean copy for a music or entertainment outlet is a plus. Related Video Please include links to 2-3 writing samples/clips in your application. Please submit your resume and cover letter to internship@consequence.net with the subject line “Consequence Internship – Spring 2022” as well as your internship field of...
Consequence is seeking interns with a passion for music, film, TV, and pop culture for Fall 2021. All candidates will work remotely, and must be available to work approximately 20 hours per week on Eastern Standard Time. Interns will participate in an educational program, with opportunities to hone their industry experience and knowledge both within and outside of the department for which they intern. Experience writing clean copy for a music or entertainment outlet is a plus. Advertisement Related Video For editorial interns, please include links to 2-3 writing samples/clips in your application. Please submit your resume and cover letter to internship@consequence.net with the subject line “Consequence Internship – Fall 2021” as well as your internship field of choice, i.e. Social Media. S...
Gov. Inuwa Yahaya of Gombe State has commended the Federal Government’s agenda of generating 25 million jobs by the year 2025. He stated this in Gombe, on Monday, while launching a two-day technical meeting on the preparation of the Medium National Development Plan (MTND) for 2021 -2025, for the six states in the North East Zone. The Governor, who was represented by his Deputy, Manasseh Jatau, said: “It is worth noting that the Medium-Term National Development Plan aims to create 25 million jobs, lift 34 million people out of poverty. “I will like to also appreciate Federal Government for taking a new approach towards achieving a more inclusive and effective participation of states and Local governments at different stages. “Involving everyone in the ongoing process of developing and imple...
An All Progressives Congress (APC) Chieftain in Ekiti, Mr Demola Popoola, says that the 2022 and 2023 elections will be about personality rather political party affiliation. Popoola stated this in Oye-Ekiti while declaring his intention to contest the governorship primaries of the party in the state. “The next general elections will be based on who the candidate is and not his political party. “Contributions and capacity of aspirants will play a critical role in the polls, but I am determined to bring my wealth of experience to bear in governance of the state, if given the opportunity in 2022. “I will work through my plans to banish poverty from Ekiti through my deliberate and concerted efforts in creating jobs through industrialisation of the state,’’ he said. Popoola, who hails from Oye-...
Gov. Seyi Makinde of Oyo State has urged local government chairmen in the state to upscale intelligence gathering in their respective council areas. A statement issued on Wednesday in Ibadan by Chief Press Secretary to the Governor, Mr Taiwo Adisa, quoted Makinde as stating this while closing a two-day retreat for local government chairmen, vice-chairmen and heads of local government administrations (HLAs), on Tuesday evening. Newsmen report that the retreat was held at Ilaji Hotel and Sports Complex, Akanran, Ibadan. The governor said that the local government chairmen needed step up their game on the issue of security and take responsibility for the security of their areas. Although he stated that security was the responsibility of everyone in the society, the governor, however, said tha...