The Lisk (LSK) project, one of the most high-profile ICOs from 2016, came upon hard times. Despite the relatively solid backing, LISK ended up having troubles keeping all of its staff.
Loses Team to Layoffs, Developers Leaving
Lisk’s team was one of the most significant features of the project, and the startup held offices in Berlin. But the long downturn in crypto asset prices led to a drive to make a leaner operation.
The message from Co-Founder Max Kordek, as shared in a recent Reddit thread, read,
Today, at Lightcurve, we laid off 21 of our employees and terminated the contracts of three employees who were yet to join. This concludes the recent wave of terminations you may have observed. We are now ready to go completely dedicated into 2020 with a solid team of 31 individuals on the Lightcurve side
Redditors noted that the most recent layoffs were signs of further problems with the project. Lisk also lost some of its delegates, and the previously promising network is now seen as a broken project.
Lisk was supposed to be a…