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Opinion: Bitmain can reduce up to 50% of employees

Chinese kriptonite Davie Wang found the information that the mining company Bitmain can reduce up to 50% of employees. Such rumors appeared on the Chinese equivalent of LinkedIn in the discussion between employees of the firm.

Bitmain employees claim that the company will lay off employees in the next few weeks. Given that the firm employs about 2 thousand people, this reduction can have serious consequences for the industry.

Davie Wang said that in early December, Bitmain has closed its branch in Israel. At the same time, the network appeared rumors that the Hong Kong stock exchange will not approve the company’s IPO.

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