Sirin Labs lays off 25 per cent of its staff

Blockchain smartphone startup Sirin Labs has recently laid off 15 of its 60 employees, Globes reports. The company, led by CEO Moshe Hogeg, denies not having paid its employees’ wages; it claims the March wages have been settled and employees will receive their April wages before the Passover holiday.

"The company gives some of its work to outsourcing, and plans to focus on development and distribution of the software," the company stated. Sirin Labs also admitted the sales of its blockchain smartphone, launched in November, were not what the company expected.

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