😞 Layoffs underway amid ‘adjustments,’ bitcoin miner Bitmain confirms
Bitmain will be laying off up to 50 percent of its staff over the next week, according to a company statement released Tuesday, Dec. 25. The company cited redundancies and lack of operational efficiency as the causes, noting how the incredible expansion over the last year increased waste. Despite the layoffs, Bitmain is still hiring.
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