Crypto

Cisco, Doordash, Kraken… Latest layoff plans at Tech

The deflation of the bubble is causing us to regularly count job cuts in the tech world. Massive layoff plans were still announced last month.

in computer science, Cisco announced a $600 million restructuring plan that will affect 5% of its employees, or more than 4,000 people. In the first quarter of the fiscal year at the end of October, Cisco reported a 10% decline in net profit. The company also intends to hire employees to reallocate the payroll in line with its new priorities. HP also announced that it would lay off between 4,000 and 6,000 employees over the next three years.

Bankruptcies and cutbacks in crypto

The crypto and blockchain sector has been particularly hard hit in recent weeks. Several companies are closing their doors, including the indescribable FTX which employs just under 300 employees, and the American cryptocurrency exchange beatfront. BlockFiewhich filed for bankruptcy protection, warned it would lay off between 250 and 300 employees.

Another American stock exchange, krakenannounced that it would part ways with 30% of its workforce, that is, about 1,100 people, and Coinbase will add 60 job cuts to the 1,200 announced last June.

The situation is not much better in the NFT, a sector in which Candy Digitalwhich raised $100 million in 2021, would lay off more than a third of its hundreds of employees, according to Sportico, in line with a 22% job cut at Dapper Labs. mythical gamesthe blockchain game studio also laid off 10% of its employees, or about 30 employees.

However, game studios are fighting not only with the blockchain. Indeed, a mobile game publisher Kabamwhich owns the Disney licenses is parting ways with 7% of its workforce, and the Brazilian wildlife studios (Sniper 3D) abandons all of its projects outside of mobile and about 300 employees.

It’s no longer a rental for an autonomous vehicle and delivery

Another sector particularly affected by job cuts in recent weeks: autonomous vehicles. Norowhich raised $600 million for its delivery vehicles in 2021, is laying off 30% of its workforce, or about 300 employees, according to TechCrunch. mobileHyundai and Aptiv’s robot taxi joint venture is also making significant cuts, according to TechCrunch.

Problems arise not only with self-development. There are no delivery platforms for food ordered online at the party. One of the pioneers door panel, will cut 1,250 jobs. As well as Deliveru announced the termination of its operations in Australia, where it has been present since 2015, leaving more than a hundred employees out of work.

Selling cars online in the United Kingdom will not be able to stay in the field of mobility. After 750 layoffs announced by Cazoo, it is Carwow’s turn to cut 20% of its workforce, according to the Financial Times. It’s no better in the United States, as online used car dealer Carvana is also cutting 1,500 jobs (8% of its workforce).

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