Another Mass Lay-Off At Crypto-Related Company

Another Mass Lay-Off At Crypto-Related Company

These days’ new buzzword is “cryptocurrency winter”, because Bitcoin and all other shit coins spiraled down with the speed of a rocket in winter. Hello, Captain Obvious. As if shit is programmed to happen exclusively in winter.

Anyhoo. Another crypto-ICO related company has announced a massive layoff – 80% of its staff, to be exact. It’s like if you walk in their office, you’ll see 2 people out of 10 and those to will be CEO and his assistant. The company’s called Hosho, and it’s an audit firm for smart contracts. Bahahaha. I guess, there is nothing to audit anymore. Crypto winter and all that. I wonder, how many shitty ICOs went through Hosho and got high ratings?

Hartej Sawhney, Hosho’s co-founder and president said that the company will keep on going, shifting its focus to Southeast Asia from the US and Europe. Hey-ho, genius, let’s throw more shady projects to Asia, right? Great strategic thinking here.

Just a friendly reminder from me: ConsenSys (these are those guys who are ever present at ALL crypto events, like literally – everywhere) has fired 50-60% of its stuff, Coinsquare – almost 30%, ShapeShift – nearly a third of its team. Just to name the few companies suffering the effects of “crypto winter.”