Gibraltar-registered Israeli blockchain application platform First Digital Assets (FDA) will fire most its employees in a major restructuring process, the company confirmed to Israeli English-language news resource Globes on March 4. FDA, which operates multiple spin-off companies in the blockchain space, will merge all but one of them into their parent company. Its research arm, One Alpha, will reportedly close entirely. The latest company in the blockchain industry to perform a drastic cost-cutting exercise, FDA said tough market conditions lay at the heart of its decision. “The cryptocurrencies market experienced…
Israeli-Led Blockchain App Company to Make Extensive Layoffs While Restructuring
