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Latest Steem News

Blockchain startups forced to lay off staff to survive the bear market

Blockchain startups forced to lay off staff to survive the bear market

The bear market – which many optimistically hoped would only span a few months – has swallowed the entire year, and with it, a string of cryptocurrency projects The latest casualty is ETCDEV, the development team for much of the software adopted by notable al…

  • 2018-12-04T17:33:28Z
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Steemit, a social network that rewards users with its own cryptocurrency, says it's laying off nearly 70% of its team, after its currency declined 96% (Larry Cermak/The Block)

Steemit, a social network that rewards users with its own cryptocurrency, says it's laying off nearly 70% of its team, after its currency declined 96% (Larry Cermak/The Block)

Larry Cermak / The Block : Steemit, a social network that rewards users with its own cryptocurrency, says it's laying off nearly 70% of its team, after its currency declined 96% — Steemit, the company behind a blogging website that uses the Steem blockchain a…

  • 2018-11-28T15:40:01Z
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Amidst Dwindling Prices, Steemit Lays Off 70% of Workforce

Amidst Dwindling Prices, Steemit Lays Off 70% of Workforce

Blockchain-based social media platform Steemit Inc., the company behind popular open source website Steemit.com, has announced a structural reorganization which will entail laying off 70 percent of its workforce as it looks for new ways to cut costs and remai…

  • 2018-11-28T19:53:40Z
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Steemit Lays Off 70% of Its Staff, Citing Crypto Bear Market

Steemit Lays Off 70% of Its Staff, Citing Crypto Bear Market

"We've been forced to lay off more than 70% of our organization and begin a restructuring," says Steemit founder Ned Scott.

  • 2018-11-28T17:10:36Z
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Crypto start-ups hit by layoffs as falling prices bite

Crypto start-ups hit by layoffs as falling prices bite

Cryptocurrency start-ups have been laying off large swathes of their workforces as the Bitcoin crash hits fledgling businesses.

  • 2018-12-03T06:00:00Z
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Crypto Cooldown Forces Steemit to Lay off 70% of Employees

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 crypt…

  • 2018-11-29T13:04:48Z
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