BitPay Layoffs Allegedly in the Works
Is BitPay in trouble? Wind has been caught that one of the world's largest bitcoin payment processors is in the process of performing massive layoffs, and that half its staff will leave its vicinities in order to halt costs and keep up with bitcoin's current pace. A user named Bingo Boingo on qntra.net writes on the website's forum: "According to a known and reliable eyewitness numerous people have been spotted leaving the BitPay office in tears. This suggests rumors of further rounds of layoffs at BitPay. The witness further suggests that the marketing department was hit hard as many....
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Editors Note: We have updated the article to clarify that Mr Krohn’s email was compromised not Mr Pair’s. Also we have updated to link Mr Zimmerman as the creator of PGP and linked his Wiki page. We apologize for the confusion. Two weeks ago, it was revealed that BitPay suffered a phishing attack in late 2014, costing the company $1.8 million USD.....
Bitcoin’s leading global merchant processor, BitPay, has reportedly begun massive layoffs to cut costs at their Atlanta headquarters. This, in conjunction with this week’s change in “Free Plan” pricing terms point to a situation of financial peril for one of Bitcoin’s most stalwart corporations. You could trace issues all the way back to the BitPay-funded college football “Bitcoin Bowl” last December. The financial outlay was considerable and the return on investment negligible. Boosting the mainstream image of Bitcoin was noble, but it was a three-year annual commitment signed through....
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Rumors of massive layoffs had followed Elon Musk’s acquisition of the social media platform Twitter. Apparently, the billionaire had thought that there were too many employees in the company and that it could be operating with much less. This has finally come to pass after the company had axed more than 3,000 roles less than […]
BitPay has expanded its operations by opening offices in San Francisco and New York. The bitcoin payment processor is headquartered in Atlanta, but the new offices will help the company to bring in new business and offer operational support to the merchants it currently works with. "BitPay is happy to announce two new office openings in San Francisco and New York City. Our San Francisco location hopes to leverage the existing tech and bitcoin communities throughout the area," said Stephanie Wargo, BitPay's VP of Marketing. "BitPay's office in New York will enhance visibility in the....