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Bitmain issuing massive layoffs, including BCH GO client development team

source-logo  chepicap.com 24 December 2018 22:04, UTC

It is being reported that Bitmain is laying off large numbers of employees, specifically ones working on the new Bitcoin Cash GO client. The news seems to be spreading on twitter and based upon information from LinkedIn.

It looks like the news is that things are taking a dark turn for Bitmain:

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there’s post on Chinese Linkedin (usually very high accuracy, posted by employees themselves) saying Bitmain will start a layoff the coming week ... 😳😳😳

A separate rumor said the plan is for more than 50% of its headcount ???! pic.twitter.com/b0ZSBuPX4d

— Dovey Wan 🦖 (@DoveyWan) December 23, 2018

Bitmain has quietly laid off their entire Copernicus team (#Bcash GO client). Only 1 week notice. Some had just joined the company. Layoffs just in time for Christmas. #BitmainIPO @HKEXGroup @SCMPNews pic.twitter.com/Kt2Ce90sBW

— Samson Mow (@Excellion) December 23, 2018

If true then it seems that a significant number of employees are going to be laid off from the company. This comes in light of recent news that Bitmain is closing its Israeli branch and firing all those working there.

It looks like Bitmain is struggling during this market, and its bet on Bitcoin Cash hasn't gone to plan. Stay right here with Chepicap for all updates on this turn of events!

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