June 16 (Cointime) - Binance.US has reportedly laid off approximately 50 employees in its legal, compliance, and risk departments, according to sources. The company has not officially announced the staff cuts.

June 16 (Cointime) - Binance's US affiliate has reportedly laid off employees following allegations of violating securities laws and an asset freeze by regulators. The number and seniority of the affected employees could not be independently verified.

Mara, a pan-African crypto exchange, has reportedly laid off as much as 85% of its staff and cut salaries for remaining employees, citing the need to eliminate redundant roles. However, former employees have suggested that the company's bloated workforce and rising marketing costs played a role in the layoffs. Despite this, Mara has stated that its plans for the future remain unchanged and that it will continue to expand beyond being a crypto exchange.

Goldman Sachs is reportedly planning to lay off around 250 senior employees due to a slowdown in Wall Street's dealmaking and decrease in profits. This will be the third round of layoffs for the company in less than a year. Other Wall Street companies, including Morgan Stanley and JPMorgan Chase, are also planning to cut jobs in various divisions. The challenging financial conditions are affecting Wall Street's mergers and acquisitions dealmaking, leading to a sharp decline in Wall Street bonuses.

Community Gaming, a Web3 esports tournament platform, has confirmed it laid off 17 employees due to economic struggles across the competitive gaming industry.

The Walt Disney Company has nixed its metaverse team as part of a wider round of layoffs, according to a report by the Wall Street Journal citing people familiar with the situation.

Cryptocurrency custody provider Copper said up to 15% of its staff face redundancy as the firm streamlines its business amid tough market conditions affecting the crypto industry.

XanPool, a crypto payments platform that raised US$41 million in funding last year, told Tech in Asia that it has laid off "just under 40 people."

Signature Bank was reportedly the subject of a probe by the United States Department of Justice earlier this week.

Just like crypto companies including Coinbase, Polygon and Protocol Labs, Bitstamp is hunkering down amid mounting regulation and wobbly markets. It recently reduced its headcount by 30%, from around 650 in September to 450 in February.