The Chinese company Bitmain has confirmed the upcoming downsizing of staff, which will affect including its office in Beijing, writes CoinDesk .
“Continuing to build a long-term, sustainable and scalable business, this year we made some adjustments to our staff. We need to really focus on the key things for our mission, ”said the representative of Bitmain.
As reported by BlockchainJournal, rumors that the company could cut up to half of its employees first appeared in mid-December on the Maimai platform, the Chinese equivalent of LinkedIn. The record asked, in particular, whether someone has insider information about upcoming cuts in Bitmain. She collected about 200 responses, including from people who were verified as employees of the company and confirmed that the layoffs will begin this week, starting also the discussion of compensation packages.
So, one of the employees said that some Bitmain divisions would be completely dissolved. The publication also leads one of the employees of the Beijing office of the company, who, on an anonymity basis, also said that staff is currently being cut, however, since this is an ongoing process, it could not confirm its scope.
The source added that these “operational adjustments” affect almost all areas of the company's business activity, including the mining pool. Also, certain changes await the division engaged in the production of equipment for mining, and the overall goal is to increase operational efficiency.
“It is not difficult to understand which units will suffer the most. Bitmain's key business is the production of miners. Other business areas are blockchain and artificial intelligence, ”the source said, adding that the company's efforts in the last two sectors will be radically revised.
According to him, given the incredibly rapid expansion of Bitmain earlier this year, all these events would have been inevitable even without a general fall in the cryptocurrency market.
“At the moment, the company employs about 3100 people, which is several hundred more than indicated in the application for an IPO in September. At the beginning of the year there were only 1,000 people, ” added the source.
Nevertheless, Bitmain also continues to hire new people, constantly searching for new talents, he added.
The Chinese giant is not the only one who was forced to revise personnel policy due to the fall of the market in 2018. Earlier it was reported that the leading Ethereum company ConsenSys , as well as the social platform Steemit, went to similar measures.
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