Steemit Announces Structural Reorganization, Laying of 70% of Employees8.38

The decentralized content platform that rewards content providers with cryptocurrency, Steemit, recently announced a corporate restructuring that will result in a significant amount of their workforce being cut.

The announcement, which was made by the company’s CEO in a recent post, explained that the weakness of the cryptocurrency markets has affected both the company’s cryptocurrency (STEEM) and the company’s user-base, forcing them to layoff close to 70% of their employees.

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