BlockFi is offering its employees buyout options as a way to stealthily reduce its workforce, according to a Decrypt report.
This comes only one month after the crypto lender cut employee numbers by 20%.
Cryptocurrency lender BlockFi is reportedly offering its employees a buyout scheme in order to further whittle down its workforce, only one month after cuttingThrough a"voluntary separation program" the company is offering employees 10 weeks of paid leave and 10 weeks of health insurance to resign, according to a"BlockFi initiated a voluntary separation program to right-size our organization for the current market environment," a company spokesperson told Decrypt.
© 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.Tom is fintech reporter at The Block. Before joining the team, he was an editorial intern at the FT-backed platform Sifted where he reported on neobanks, payment firms and blockchain startups.
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