The Chinese cryptocurrency mining company Bitmain might has joined the echelon of massive layoffs with another cleanup, according to Blockstream CSO, Samson Mow.
Mow claims that Bitmain decided quietly layoff their "entire Copernicus team (#Bcash GO client)."
Bitmain has quietly laid off their entire Copernicus team (#Bcash GO client). Only 1 week notice. Some had just joined the company. Layoffs just in time for Christmas. #BitmainIPO @HKEXGroup @SCMPNews pic.twitter.com/Kt2Ce90sBW
— Samson Mow (@Excellion) December 23, 2018
Previously, just on the eve of Christmas, Bitmain closed blockchain hub in Israel due to the market situation.
Last time, crypto space is literally afire with news of massive layoffs.
At first, the founder and CEO of the social blockchain platform Steemit, Ned Scott, made the announcement, according to which the company had to lay off approximately 70% of its employees. After that, just a few days later, one of the initial and major Ethereum investors, Joseph Lubin, sent out to the ConsenSys employees an email about the upcoming dismissals.
And it seems, it wasn’t the Bitmain’s year given the fact that crypto miner Gor Gevorkyan filed a lawsuit against Bitmain in the North Carolina court. He accused the company of using the capacity of users to mining cryptocurrency in their favor.
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