Crypto Cooldown Forces Steemit to Lay off 70% of Employees

Steemit, a decentralized sharing system and distributed app designed to rewards content creators with crypto, will be laying off a massive chunk of its staff. The company announced that it is cutting off 70% of its workforce, citing “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and

The post Crypto Cooldown Forces Steemit to Lay off 70% of Employees appeared first on CCN

Source: CCN

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