Steemit lays off 70% of its work force. Rut Roh!
What is happening to this platform? Should the users be worried... Did we see this coming? I'd love to stir up some discussion about this article and help educate myself and others on what is going on with Steem. I'd love to hear more about the issues on this and how we as users can help support the bleeding here.
Founder and CEO Ned Scott wrote:
We still believe that Steem can be by far the best, and lowest cost, blockchain protocol for applications and that the improvements that will result from this new direction will make it far better for application sustainability. However, in order to ensure that we can continue to improve Steem, we need to first get costs under control to remain economically sustainable. There’s nothing that I want more now than to survive, to keep steemit.com operating, and keep the mission alive, to make great communities.
Click Here for the Full Article from Tech Crunch
The odds are not in steemit's favor. Using the word, "survive," in a press release about restructuring is not a good sign.
agreed. its rather scary
rEsteemed!
Can we get @ned replaced instead? Maybe with someone elected from the community to fulfill the requirements?
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