Cryptocurrency News

Compass Mining retrenches 15% of staff, execs to take major pay-cuts

07/08/2022

Less than a minute

2022.07.08 22:00

Compass Mining retrenches 15% of staff, execs to take major pay-cuts

Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts.

The firm announced its decision to downscale its workforce in a bid to weather difficult market conditions, just a week after the resignation of CEO Whit Gibbs and chief finance officer Jodie Fisher.

07/08/2022

Less than a minute

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