Wholesale marketplace Faire, which raised at a $12.6B valuation last year, lays off 20% of its staff

Wholesale marketplace Faire has laid off 20% of its staff, or about 250 people, as part of a restructuring, according to multiple reports. Business Insider broke the news, reporting that the job cuts were companywide. Faire in October of 2022 had laid off 7% of […]

Xsolla defends itself after being called out by Ukraine for ties to Russia

Game payments firm Xsolla has defended itself for its reduced presence in Russia after a Ukraine government minister called the company out for its ties to Russia. Last week, Ukraine’s Mykhailo Fedorov, minister of digital transformation, asked gaming companies such as Epic Games, Valve and […]