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The endless winter crypt accident brings with it many victims. Bitmain is the Chinese manufacturer of applications for the supply of particular integrated circuits for bitcoin mining circuits. This company has recently fired over 80% of its workforce and the block.
In 2018, ConsenSys, which is the Brooklyn software company, fires approx. 13% of its staff. This was due to the maintenance of company profitability. On the other hand, in October, Blockfolio recovers "A Series loans" for a value of 11 million dollars.
Blockfolio fires 10% of its staff
Subsequently, this familiar mining equipment company employs the majority of employees for its workforce. As with recent reports, the company itself, Blockfolio dismisses 10% of staff, reducing its workforce.
Basically, Blockfolio is an application that allows users to track down and address their own crypto portfolio on distinct exchanges, portfolios and mineral pools. In addition, customers can see the fluctuations in their positions related to persistent market situations.
The current trend of the bear market that seems to reign in the markets since 2018 is still affecting cryptocurrencies. The reason is simple and clear for the decline of users from the Blockfolio application. The investment, as well as traders, are not currently trying to exchange cryptocurrencies with such low prices.
The scenario after this downsizing, Blockfolio leaves the strength of 37 employees. Edward Moncado, CEO of Blockfolio, also specifies this dismissal. Also, note that this move was really difficult for the company to let go of these employees in particular. However, it is said that Blockfolio has accumulated many alternatives before reaching this final decision.
As the platform fails, most of their developments are being outlined, but after three months of funding recovery for $ 11 million, the company has not been able to maintain any significant progress.
So Blockfolio decides to explore horizons and move on from a simple cryptographic tracking application. However, there are significant updates regarding the platform after the financing.
Would you like to list your Crypto Portfolio application with us? Contact us here.
Summary
Item name
Crypto Tracking Blockfolio platform reduces its workforce
Description
Due to the current market crisis, the portfolio management and encryption tracking company has recently fired some of its employees. In today's day, this seems like a tendency to lay off staff to survive the market.
Author
Delma
Publisher name
Coinpedia
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