Lisk dumps 40% employees

in #cryptocurrency5 years ago

Around 40% of the employees working on the Lisk project were laid off on December 9th. Additionally, the contracts of three employees who were yet to join were also terminated.

Max Kordek, Co-Founder of Lisk, stated the following on Lisk's Discord:

Today, at Lightcurve, we laid off 21 of our employees and terminated the contracts of three employees who were yet to join. This concludes the recent wave of terminations you may have observed. We are now ready to go completely dedicated into 2020 with a solid team of 31 individuals on the Lightcurve side. Our main focus was to retain our talents in the research, platform (backend development) and developer relations departments. While shrinking the size within user interfaces (frontend development), marketing, design and operations. The reasons were to decrease our burn rate which by a large degree consisted of human resources costs, and to decrease our operational overhead in order to become more agile again. We are looking forward to the next year. Some exciting things are coming.

My blog https://fuk.io was one of first to promote their ICO when it started years ago. I will see if i can still reach him after such long time.

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Dear @kingscrown

Wow. That's a big news. I remember learning about LISK over year ago and I used to believe in this project.

I found it so surprissing that companies who manage to raise loads of money are focusing on one thing: GROWTH. And sooner or later they are facing the wall and are being forced to reduce their team. And this always send absolutely awful message into the world.

What's up with that. Little budgeting and planning should be always done in the first place.

ps.
I've noticed that you've been posting sometimes about crypto, blcokchain and technology. I love those topics as well.
If you would ever publish anything related to technology, economy, marketing, psychology or steemit etc - then send me link in memo. I'm trying to support quality content and I have 2-3 upvotes daily to spare from @project.hope (over 200k SP) i my own account. I will gladly support your publications (as long as they represent solid quality :)

Solid read. Upvoted already.
Cheers, Piotr

thank you! great project you have

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I think it has to do with the bear market so they just have to terminate employees @kingscrown

BTW I just want to express my thanks for your support in one of my recent post, I appreciate it a lot. :)
May God bless you more @kingscrown

no problem ive also shared your stuff some days ago to a group of friends...

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What was LSK's angle? Do they do something unique?

they were supposed to be like ETH but so far they are not ;)

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