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

Compass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn.
Source: Compass Mining retrenches 15% of staff, execs to take major pay-cuts (https://cointelegraph.com/news/compass-mining-retrenches-15-of-staff-execs-to-take-major-pay-cuts)
Would appreciate your opinion about this