SCOOP: Cosmos-builder Ignite has lost its CEO and cut its headcount by more than 50%. skesslr reports
that Kwon would be returning to the company as the CEO of “New Tendermint” – an Ignite spin-off focused on some of Kwon’s side projects.
According to one of the ex-Ignite employees, details about the new organizational structure between Ignite and New Tendermint remained vague for several weeks after they were announced. The crypto crash in June forced Kwon to slash numbers further than originally anticipated, the source said.CoinDesk has reviewed a spreadsheet listing over 50 ex-Ignite employees from multiple departments who were laid off or voluntarily accepted severance packages. According to CoinDesk sources, the list was circulated to other Cosmos-based projects who might be looking for workers, and the number of people who have left or are leaving the company could total over 100.
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