Ethereum Merge Vastly Increased Stakefish’s Profile

[MUGNIA]

Ethereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway

Layoffs at stakefish took effect on the same day as the Ethereum Merge – just as they were set to play a key role in securing the revamped blockchain.


On the very day that the Ethereum Merge dramatically elevated the importance of validators in the blockchain’s ecosystem, one of the biggest ones – stakefish – was beset with chaos.
More than 25% of its workforce, according to people familiar with the matter, was either laid off or resigned, including two senior departures: Head of Strategy and Operations Jun Soo Kim and Head of Protocols Daniel Hwang.
CoinDesk spoke with four current and former employees for this story, all of whom took issue with how the layoffs were handled. One of the employees asked not to be identified because they signed a non-disclosure agreement. In total, right when stakefish was set to rake in big rewards for securing Ethereum’s new miner-free network, eight employees were laid off and three more resigned from the company.

source: https://www.coindesk.com/business/2022/09/23/ethereum-merge-vastly-increased-stakefishs-profile-but-25-of-its-employees-are-gone-anyway/

[trendcoin]

There is global inflation in the global crisis environment. No matter how well we do our job, we cannot go beyond the environmental conditions we are in. That's why, despite the increasing business volume with Merge, the news of dismissal can come at the same time. It seems a bit contradictory, but I think it's understandable.