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The bear strikes: Steemit Inc. dismisses 70 per cent of the employees

the Steemit Inc. has released 70 percent of its employees. Ned Scott, the founder and CEO of the platform, justified the step with the current weakness of the

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The bear strikes: Steemit Inc. dismisses 70 per cent of the employees
the Steemit Inc. has released 70 percent of its employees. Ned Scott, the founder and CEO of the platform, justified the step with the current weakness of the crypto-market.

By Christopher clover
On 29. November 2018 share Facebook Twitter LinkedIn xing mail

Tough times require tough measures – now has a majority of the employees of Steemit Inc. to feel get. Steemit is the best known block chain-based social network. As CEO Ned Scott on 28. November on the Plattfform announced that it had to take 70 percent of its employees now your hat.

As the reason for the decision Ned Scott called the bear market, which has led to a decline in the price of the platform own STEEM-Token. As a further reason Scott is leading to higher costs for the operation of STEEM Nodes. Also, the fact that Steemit Inc. your API on their own costs of third-party provides parties, has had a negative impact on the finances of the platform.

Steemit goodbye?

So that the project can continue, the remaining employees now of the cost savings. Savings potential is there to be, especially in the infrastructure and the API. So the Team wants to replace, among other things, Steemd Plugins by Hivemind, the size of the Blockchain by Pitchfork on 0 Gigabyte reduce the number of Test Nodes reduce.

as regards the future, Scott fighters:

"There is nothing I want more now, to survive as, steemit.com keep it going and continue to pursue the Mission to make great Communities."

For the affected employees, the company is trying to do everything in his Power to give you a "smooth Transition" to the next employment relationship.

solidarity from the Community

About the lack of support from the Community can't complain about Scott, however. In the comments under the job's-Post is not only encouraging words, but also ideas and concrete offers of help to be found. "Selling advertising space, Ned," suggests about a user. "All the options are checked, thank you for your support," says Scott. A User suggests a greater decentralization of the backend, for which he would make his Node. Another User goes a step further and offers to work without pay for Steemit. Hats off!