- Lisk project has cut a chunky 40 percent of its staff and some quitting.
- The company said the move is part of efforts to improve its operational efficiency
The Lisk (LSK) project has reportedly fired some 40 percent of its workforce, with reports also suggesting that employees quitting the company in droves.
However, the Lisk hierarchy noted that the move is part of efforts to improve its operational efficiency. Community members are somewhat sceptical saying the project is looking like another potential failed altcoin experiment.
Lisk co-founder Max Kordek, posting on the project’s Discord, wrote:
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.