ICYMI: Compass Mining cuts staff by 15%, reduces salaries for senior employees
became known to the public.
Compass said Thursday that it grew too quickly while its service is"not nearly where it needs to be." It also pointed to the recent market downturn and anticipated future market conditions. "When we launched, we were amazed by the level of demand for our services, and as a result, we tried to address the operational, financial, and technology bottlenecks faced by all growing companies by hiring more people," the statement read.
Compass will also rein in marketing spending."We will spend more time diligencing content providers, and partner with those with high integrity, that care about companies they accept dollars from," the statement said. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Compass Mining Cuts 15% of Staff, Lowers Executive Compensationbitcoin mining company.compass_mining cut 15% of its staff and is lowering executive compensation mikeybellusci reports
Lire la suite »
Bitcoin mining stock report: Thursday, July 7Here's how crypto mining companies performed on Thursday, July 7.
Lire la suite »
Bitcoin mining stock report: Wednesday, July 6Here's how crypto mining companies performed on Wednesday, July 6.
Lire la suite »
Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge – Mining Bitcoin NewsThe Antminer E9 boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Ethereum ETHmining
Lire la suite »
Illegal gold mining in Amazon equivalent to half of Brazil’s production — reportAccording to Instituto Escolhas, there has been a seven-fold rise in deforestation caused by mining in the Amazon over the last seven years.
Lire la suite »
Researchers call for science-based policies given impacts of mining on salmon, troutScientists comprehensively link, for the first time, mining policy to the current understanding of watershed ecology and salmonid biology.
Lire la suite »