VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Report: Troubled company Celsius dismisses 150 employees

admin by admin
July 6, 2022
in IT news
0
Report: Troubled company Celsius dismisses 150 employees
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Crypto lending platform Celsius has joined a number of cryptocurrency companies to lay off employees as falling prices and the ongoing bear market shows no end.

Celcius has laid off 150 employees, the Israeli news agency Calcalist reported on Sunday. This includes employees in Israel.

The last update of the employee figures of Celsius from April 2022 showed a staff of 200 employees in New Jersey, London, Tel Aviv, Cyprus and Serbia. In total, the company seems to have 650 employees.

Based on the number of LinkedIn, the reported layoffs would correspond to a staff reduction of 23%.

Celcius was founded in 2017. The company works in a similar way to a bank, albeit with more risk and higher returns. The company collects crypto deposits from customers and lends them to private and institutional borrowers. Customers will then receive payments from the revenue that Celsius generates from its loans.

The network promises high returns on deposits of up to 18.6% annually. Celsius claimed to have around $12 billion in assets under management and $8 billion in processed loans in May.

Celsius sparked fears of a liquidity crisis when the company suspended withdrawals and transfers on its platform on June 12. Even after three weeks, these were not resumed, leaving users frustrated.

The firm has reportedly resisted the advice of its own lawyers to file for bankruptcy. Celsius prefers to rely on the support of users to avoid the time-consuming process.

Goldman Sachs also wanted to raise about $ 2 billion to acquire the troubled company.

On June 30, the last update of Celsius came. In a blog post, it was said that the company was working on stabilizing liquidity and operations.

“We continue to take important steps to preserve and protect assets and consider options available to us”

“These options include, among other things, tracking strategic transactions and restructuring our liabilities.”

Since the bad news about Celsius, the native token CEL has dropped by 80% so far this year.

Previous Post

What to look for in the cancellation button

Next Post

Valve could offer Vive for free to developers

admin

admin

Related Posts

Hedge fund manager Sees the crypto market on the upswing again soon
IT news

Hedge fund manager Sees the crypto market on the upswing again soon

August 15, 2022
5385 Euro price increase in one year
IT news

5385 Euro price increase in one year

August 15, 2022
Krypto-News: Die wichtigsten Ereignisse der Woche
IT news

Crypto News: the most important events of the week

August 15, 2022
RoVCast Episode 18: VR in Psychology
IT news

RoVCast Episode 18: VR in Psychology

August 15, 2022
3 Reasons Why Alt-Coins Are Rising So Much At the Moment
IT news

3 Reasons Why Alt-Coins Are Rising So Much At the Moment

August 15, 2022
Next Post
Valve could offer Vive for free to developers

Valve could offer Vive for free to developers

Premium Content

Can the Bitcoin price soon break the $ 30,000 again?

Can the Bitcoin price soon break the $ 30,000 again?

July 25, 2022
Keep these things in mind to get the best internet

Keep these things in mind to get the best internet

December 21, 2021
Image Science & Technology: Ten common mobile phone myths in the check about smartphones you tell yourself a lot. In many things there is a true core, some are gross nonsense and in some the truth lies somewhere in the middle. Steffen Herget from the trade magazine “c't” explains which tips are really helpful and what belongs in the realm of legends. More…

Image Science & Technology: Ten common mobile phone myths in the check about smartphones you tell yourself a lot. In many things there is a true core, some are gross nonsense and in some the truth lies somewhere in the middle. Steffen Herget from the trade magazine “c't” explains which tips are really helpful and what belongs in the realm of legends. More…

April 19, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Hedge fund manager Sees the crypto market on the upswing again soon
  • 5385 Euro price increase in one year
  • Crypto News: the most important events of the week

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?