BitPay has reduced the size of its staff in an effort to "reduce costs" and "better align with the pace of growth" in the industry, according to an email sent by CEO Stephen Pair to the firm’s employees earlier today.
The confirmation of staff reductions at the troubled bitcoin payments processor follows speculation, rumors and a report by bitcoin news source Qntra that BitPay employees were seen leaving its Atlanta office following layoffs.
Pair’s email, entitled […]