Billionaire investors Cameron and Tyler Winklevoss were seen soaking up the sun in Ibiza Wednesday – days after laying off nearly 70 staffers at their crypto-centered startup due to plummeting coin prices.
The firings came just two months after the brothers cut more than 100 workers at the company – and shortly after the pair had finished a cross country tour with their newly formed cover band.
The twins – perhaps best known for their protracted legal battle with fellow billionaire seen in The Social Network – were photographed beachside at the Blue Marlin VIP beach club, an exclusive venue frequented by the jet set.
Bottle service at the club, which sits on the cusp of the Mediterranean, can cost up to $5,000 a person. They were pictured by themselves, and Roblox Promo codes there was no sign of any partners.
Last year, it was reported that Cameron was dating Brazilian model Natalia Berber, although his sibling Tyler has not been publicly-linked to a woman in recent years.
With that said, the burly brothers, both aged 40 and worth a reported $3.4billion, fit right in with ritzy crowd – despite losing nearly half of their net worth in the recent crash.
The pair – former Olympic rowers who made a fortune in Bitcoin after having a role in the creation of Facebook – were characteristically inseparable during the excursion, and even shared a bottle of sunscreen as they took in the hot Spanish sun.
Billionaire Bitcoin investors Cameron (at right) and Tyler Winklevoss were seen soaking up the sun in Ibiza Wednesday – days after laying off nearly 70 staffers at their crypto-centered startup due to plummeting coin prices
The sighting comes days after the pair – perhaps best known for their protracted legal battle with fellow billionaire Mark Zuckerberg seen in The Social Network – engaged in the layoffs
The pair – former Olympic rowers who made a fortune in Bitcoin after having a role in the creation of Facebook – were characteristically inseparable during the excursion, and even shared a bottle of sunscreen as they took in the hot Spanish sun
Cameron looked unbothered Tuesday as he took a dip with his brother in the Mediterranean
BROTHERLY LOVE: Tyler helps his brother out of the sea during their sunsoaked holiday.Staffers nixed at the twins startup are likely wondering where that gallantry was last week and the month prior, which has seen nearly 200 staffers nixed from the company
While the two appeared to enjoy the trip, staffers at the brothers’ crypto exchange, Gemini, are likely less than impressed by the display – after 68 staffers were laid off from the firm Monday due to recent volatility seen in the crypto-sphere.
The firings – which the brothers said were due to ‘turbulent market conditions’ – came less than two months after the pair enacted a painful 10 percent staff cut, cutting lose more than 100 of the company’s roughly 1,100-strong workforce.
The unrest at the company would then worsen the very next week when the pair decided to kick off a month-long tour with their newly formed cover band, which sent staffers into a frenzy.
The Winklevosses – who founded the company in 2014 after becoming early adopters of Bitcoin – have yet to announce the layoffs; however, an anonymous source from within the company confirmed they had transpired Monday.
The twins – perhaps best known for their protracted legal battle with fellow billionaire Mark Zuckerberg seen in The Social Network – were photographed beachside at the Blue Marlin VIP beach club, an exclusive venue frequented by the jet set
While the two appeared to enjoy the trip, staffers at the brothers’ crypto exchange, Gemini, are were likely less than impressed by the display
Speaking to tech news outlet Techcrunch, the insider revealed that earlier that day, 68 names disappeared from the company’s internal slack channel.
The source added that the company admitted to the layoffs, explaining they were enacted to achieve ‘extreme cost cutting.’
What’s more, an internal document shared around the office last week reportedly showed plans to take the company from 950 employees to 800 – making staffers painfully aware of their situation, the source said.
Staffers were reportedly so unhappy with the discovery, one decided to share the internal document on the anonymous social media site Blind last week.
‘It’s come to my attention that at least one team member thinks it’s a good idea to post a snippet of our technology operating plan on a third party website (Blind),’ co-CEO Cameron wrote on Slack of the leak at the time, calling the breach ‘super lame.’
Cameron looked to bust a dance move during the twins’ holiday, despite the dire situation their current and former staffers are facingv
The billionaire investors seemed undeterred by the mass firings they have implemented the past two months amid the recent crypto crash
Cameron and Tyler are pictured leaving a Boston federal courthouse in 2007 during their lawsuit against Facebook
The investor then offered a bit of advice using terms crypto enthusiasts might understand.
‘Friendly reminder that Karma is the blockchain of the universe,’ the brother wrote.
Meanwhile, as the company grappled with the recent crypto market downturn, former and current employees were further frustrated by the brothers’ decision to tour with their newly formed cover band, Mars Junction.
The tour saw the blue blood twins – who were raised by a well-to-do family in Connecticut but were born in the Hamptons – make stops all across the country to cover glam rock songs such as Journey’s Don’t Stop Believin’ at lauded venues such as New Jersey’s Asbury Park.
Earlier this month, the pair finished up the tour in East H
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