BlockFi reduces its workforce, offers employees buyouts

Cryptocurrency lender BlockFi is offering its employees a buyout scheme in order to further reduce down its workforce.

One month earlier, BlockFi had cut a fifth of its staff.

The buyout scheme is a voluntary scheme program that will see the company offer employees 10 weeks of paid leave and 10 weeks of health insurance to resign.

This comes as the crypto lender announced a deal at the beginning of the month with FTX.US that would see it given a $400 million credit line.

Leave a Reply

Your email address will not be published. Required fields are marked *