Dash Core Fires Employees Because Of Crypto Winter
The company standing behind Dash crypo currency will fire some employees because of income drop caused by crypto winter.
Dash Core Group (DCG) CEO Ryan Taylor announced that the firm decided to fire 8% of its employees to “reduce the costs”. As a result, staff office will disappear, development strategy department will lose two employees and one person will leave business development team will.
Taylor said that it wasn’t a hasty decision, the company was trying to reduce costs during the last several months.
According to information on company’s site. currently, there’re 49 employees at DCG. Ryan Taylor said that last-year bear market influence made the company reduce DCG employees’ wages and wage bonuses to support financial performance of the company. The firm hasn’t hired new employees for six months.
The company has also told about some changes in its business functions after announcement of downsizing. For example, financial chief officer Glenn Austin will also perform duties of staff manager. Ryan Taylor himself will have a key role in business development.