COMPANIES

The company is expected to slash about 6,000 jobs by next week.

The exchange said it had high hopes for the Canadian blockchain industry and promised it will "someday return to the market when Canadian users once again have the freedom to access a broader suite of digital assets."

"Clients will receive a release from BlockFi for any clawback claims that could be brought against them, including for transfers made prior to the Platform Pause on November 10, 2022," BlockFi said.

Executives at Binance.US may have been exploring strategies to offload CZ's stake in the company over worry that the exchange might not be able to obtain regulatory licenses as long as Zhao is the crypto exchange's majority owner.

The massive surge in demand for the Milady NFT collection following Musk's tweet underlines the significant impact of high-profile individuals on the market, especially that of the Twitter CEO.

Alphabet gained a whopping $56 billion in its market value after the stock surged as much as 5% following the announcements.

PayPal treats its crypto assets as a "safeguarding liability" because of the "unique risk associated" with it.

Miracle and Oracle appear to be preparing for a potential shortage of their own servers, and an agreement to share servers may help ease the problem.

OpenAI's Sam Altman is headed for a Congress visit next week as the U.S. attempts to join China and the EU in an AI regulatory push.

Temu, which dominates top free app charts on the App Store and Play Store, has recently met increasing scrutiny amid possible ties to Xinjiang and concerns about the data it collects from users.

In the court papers, the FTX Group branded Genesis as "one of the main feeder funds for FTX and instrumental to its fraudulent business model."

A Web3 enthusiast said that "the marketplace was originally scheduled to launch in 2022" and highlighted that the "new launch date after several delays is set to May 15."

Digital transformation has already reshaped the pharmaceutical landscape, providing a wide range of benefits to market participants.

Unity Software will reportedly shut down roughly 20 of its global offices in the next few years.

Jack Dorsey's tech company could level the playing field with the launch of its new product for cryptocurrency mining.

Dorsey had previously supported Musk buying the social media platform, saying the billionaire was the "singular solution I trust."

The company laid off 315 people, or about 11% of the global workforce, in its previous round in early 2021.

At least two executives could be affected by the layoffs.

Though the workers are hired by third-party tech services provider Cognizant, the National Labor Relations Board in March ruled Google is a joint employer.

Amazon CEO Andy Jassy said the latest layoff round would affect around 9,000 employees.

TikTok says it prizes user safety and content authenticity, but three employees told FT that monitoring and eradicating fraudulent posts seem to have been overshadowed by a profit push.

Amazon had left its entertainment arms untouched even with job cuts in other departments, but employees are speculating that they may no longer be immune to the cost-cutting measures.

Battle-Tested, a third-party contractor of Amazon, has reached a tentative agreement with 84 delivery drivers but the e-commerce giant may have side-stepped the organizing workers.

The NFT Marketplace is now set to launch on May 15, according to a report.

More than 140 workers at SEGA of America are demanding voluntary recognition of their union for better working conditions and worker empowerment.

More than 173,000 tech workers have lost their jobs so far in 2023 as some of the biggest tech companies implemented layoffs that affected thousands.

Layoffs in the misinformation team came as part of the second round of reductions announced by Meta to cut around 4,000 employees this month.

While some believe AI can help lighten the workload of HR departments, critics have warned against depending on AI-collected data.

Insider's president said she would work with the Insider Union to "provide clarity on our proposed changes" and establish a bargaining process.