Steemit layoffs — Jan 24, 2019

Steemit Announces Restructure on January 24, 2019 After Mass Layoffs; Job Cuts Not Disclosed

Steemit, the blockchain-based social platform, announced a restructuring on January 24, 2019, following mass layoffs at the company. The number of jobs cut and the percentage of the workforce affected were not disclosed.

The company also appointed a new chief executive officer as part of the changes. The move came after the layoffs, but no additional details were provided in the available source about the scope of the restructuring or the specific roles affected.

Steemit operates as a social platform built around blockchain technology, allowing users to publish and engage with content. The company’s announcement did not include a detailed explanation of the restructuring beyond the fact that it was taking place after the layoffs.

No direct quotes from company officials were included in the source material. Based on the available information, the company’s near-term outlook appears tied to the leadership change and restructuring process, though no further operational updates were disclosed.

Sources: Google News