CRYPTO COMPANIES ANNOUNCE LAYOFFS ACROSS THE BOARD
News by Editorial Team 11 Dec 2018
In what seems like a knee-jerk reaction to the recent steep drop in valuations, cryptocurrency companies, who are also among an increasingly large segment of employment for programmers and analysts, have been announcing layoffs to keep costs under check. Even large names like consensus announced a cut of 13% of its staff and another, Steemit, laid off 70% of its staff last week, citing the currently severely bearish market in cryptos. Although job listings continue to see a subdued growth in the current year, as opposed to the staggering one seen last year, jobseeker interest in the sector has dropped drastically, according to Indeed.