Steemit, an early blockchain startup that’s developing an alternative to Reddit, has a new chief less than two months after laying off most of its staff as part of cost-cutting measures. Celebrated as an early success story in the crypto world, the company shed 70 percent of its employees back in November on account of […]
View More Steemit, crypto’s answer to Reddit, gets a new boss to rebuild after widespread layoffsCategory: steemit
Steemit, a decentralized sharing system, lays of 70% of staff
Steemit, a distributed app designed to reward content creators, has laid off 70 percent of its staff citing “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes.” The remaining team will focus on reducing server costs by shrinking the size […]
View More Steemit, a decentralized sharing system, lays of 70% of staff