Dash Developers Reduce The Staff
Dash Core Group company which supports Dash crypto currency will fire some more employees working in various departments. The staff will be reduced to reduce the costs.
The company will start firing its employees on March, 7th. Staff department will be shut down, strategic planning department will lose two employees, business development department will be deprived of one employee. The head of the company noted that he didn’t want to do it and was looking for other ways to optimize company’s costs.
There’re 49 employees working at the company now. Last year, Dash CEO Ryan Tylor claimed that the project had the reserves allowing to survive through the crypto winter and that he wasn’t going to reduce staff or shut down the company. Note that Dash capitalization is $715 million, the crypto currency is ranked 15th in Coinmarketcap rating.
To recap, almost all the cryptocurrency projects reduced staffs during the last months.
Thus, crypto currency exchange Huobi Global shut down its department in Australia in February because of crypto market drop and fired about 100 employees before that. The company claimed that it fired underqualified employees, however, the employees themselves told that they were fired because of cost reduction.
Hosho smart contract auditor fired 80% of employees because of drop of demand for auditor services.
Bitmain reduced mining capacity, the media outlets reported preparation for 50% reduction of staff against the background of financial problems of the company.
One more major crypto exchange – Coinbase – had to deal with stuff reduction as well.
Regardless to some negative trends in the crypto currency area, the market needs blockchain specialists most of all. Facebook, Microsoft, IBM and other major companies hire blockchain specialists. Average wage of a blockchain specialist increases annually. It increased 4 times in 208 and reaches $175 000 per year.