Candor.co: Bitcoin.com plans to cut half its employees
According to data from Candor.co, which tracks reductions in various companies, Bitcoin.com, which supports Bitcoin Cash, is about to lay off 50% of its employees.
Apparently, the downsizing is due to the coronavirus epidemic. In addition, analysts have noted increased pressure on Bitcoin.com after in August 2019, the company’s CEO Roger Ver decided to resign. However, he remained in the position of chairman of the company.
There are currently 132 employees at Bitcoin.com. And now, judging by the profiles on the LinkedIn professional network, half of them are in search of a new job.
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“Hard times for the CEO of BCH. He resigned, they started a “soft” policy, but, according to Candor.co, half of the employees are fired. I hope he will be forced to sell the bitcoin.com domain and he will stop luring people, ”the famous cryptocurrency blogger WhalePanda wrote on the social network Twitter.
According to analysts, the reduction in the company’s staff is also connected with the upcoming halving of the award to Bitcoin Cash miners, which is expected on April 8. After that, miners will begin to receive 6.25 BCH for mining a block, instead of 12.5 BCH, and this can greatly affect the business of Bitcoin.com.
Recall that recently the USDT stablecoin was launched on the Bitcoin Cash blockchain, which may help support the cryptocurrency.