Employees fired 70% … Restructuring spiral steam

Steemit, an SNS service using passwords and block chains, has been restructuring the company by firing more than 70% of its employees in the cryptographic market downturn. This was revealed in a video posted by CEO Ned Scott on November 28th.

He is running SteamIt to upload content through a block chain. Steamit is structured to provide STEEM compensation to participants and content creators. According to Ned Scott, the decline in profits due to a recent decline in the cryptographic market and the cost of operating a steam node have also become a burden.

The cryptographic market began to decline significantly from November 14. For 10 days, the beat coin fell from $ 6,400 to around $ 3,500. Steamite, which is affected by changes in the market environment and whose profits are affected by the price of the currency, seems to have been a pressing cost reduction.

The price of Steamit’s cryogenic steam has risen to $ 7.3 in January this year, but the current issue is only $ 0.37. 95%. Steamit’s move shows that cryptographic projects are ahead of structural reforms to survive and the wave of restructuring.



Through the monthly AHC PC and HowPC magazine era, he has watched 'technology age' in online IT media such as ZDNet, electronic newspaper Internet manager, editor of Consumer Journal Ivers, TechHolic publisher, and editor of Venture Square. I am curious about this market that is still full of vitality.

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