Revolut fired a number of employees since the coronavirus outbreak began, according to a story from Wired. The European fintech company responded with a statement on the numbers and rationale. “As in many companies, COVID-19 necessitated cost cutting across our business and, in the last resort, we made 62 redundancies globally, representing less than 3% of our staff,” a Revolut spokesperson told Cointelegraph on June 5. Revolut allegedly asked staff to quit Job redundancy refers to a certain title or position that companies determine as obsolete or no longer necessary,…
Day: June 5, 2020
Reddit’s Biggest Blockchain Advocate Just Resigned To Fight Racism
Alexis Ohanian, a millionaire tech entreprenuer and co-founder of online social platform Reddit, recently publicized plans for his personal fight against racism. These include his desire to see a member of the black community replace him at his current board position. “I’ve resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate,” Ohanian said in a June 5 tweet. The United States shows unrest Over the past week and a half, cities across the U.S. have seen protests, with some cities…
Hey Blockchain Devs, Waves Doesn’t Want to Hear Your Excuses
As part of a blog post detailing a different approach to blockchain transaction scaling, Waves Smart Contracts head of development, Ilya Smagin, noted the blockchain space often makes excuses for its shortcomings. “One of the things blockchain people are good at is explaining why user restrictions and inconveniences are insignificant and are actually the solutions rather than the problems,” Smagin said in a June 4 post. Blockchain is still a young industry Although some of the underpinnings and inspiration for blockchain tech came into play in years prior, the technology…