Bitmain Reportedly Will Sack Up to 85 Percent of Workforce | 코인긱스

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce


Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce.

Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. Some reports were even claiming that the company was looking to shed 50 percent of all employees. These rumors first began to circulate on December 22, 2018.

The very next day, Samson Mow, the chief security officer of Blockstream and CEO of Pixelmatic, began to post more evidence of these layoffs from Chinese sources. He tweeted a series of messages from employee conversations, which claimed that Bitmain had just laid off its entire team for Copernicus, a Bitcoin Cash Go client.

Bitmain has recently fallen onto especially hard times with the recent crypto crash, so it is more than plausible that they would begin cutting back on their operations in a large way. Just weeks prior, for example, Bitmain was forced to shutter all operations in the entire state of Israel, which had been active since 2016. Still, the shutdown in such a peripheral sphere as that pales in comparison to some of the rumors that have circulated about Bitmain’s main offices.

After these rumors first began circulating, an anonymous source within the company confirmed that Bitmain was going to begin the process of much more serious layoffs. Cutting back on foreign offices or new software development would not be sufficient to keep the company solvent, as it is apparently struggling to remain afloat.

A point of interest to several of these reports is that Bitmain was allegedly attempting to conduct layoffs on a grand scale before Christmas. In light of media coverage of the first set of rumors, Mow’s sources said on Christmas Day that the company was looking to drop all non-essential employees. The initial reports of 50 percent of the workforce being sacked are now looking exceedingly conservative, as new reports claim that up to 85 percent may be shown the door.

Bitmain responded to these allegations in Chinese media sources, claiming that “this is a normal staff adjustment at the end of the year based on business development.”

This article originally appeared on Bitcoin Magazine.

source :


‘에이코인(ACOIN)” 은 전 세계 오프라인 금거래 시장에서 금의 안전한 거래를 위해 사용하는 프로토콜 암호화폐이며, 코인월드 에이코인(ACO) 전용마켓 오픈 예정
한미중일 4개국 합자투자로 탄생한 코인월드, ‘에이코인'(ACOIN) 국내 최초 상장 협의중으로 4/16 사전 예약 실시
Coin world, ACOIN listing Discussion
Cryptocurrency exchange coin world, advance booking on next 16th

No comments

12월 27일(목) 암호화폐 시세 오후 브리핑

1. 주요 암호화폐 시세 27일 오후 5시 24분 토큰포스트 마켓에 따르면 대부분의 암호화폐 가격은 전날에 비해 하락세를 보이고 있다. 비트코인 가격은 14일 저점과 24일 고점을…