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Compass Mining retrenches 15% of staff, execs to take major pay-cuts

Published 07/08/2022, 09:20 AM
Updated 07/09/2022, 01:00 PM
Compass Mining retrenches 15% of staff, execs to take major pay-cuts

Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts.

The firm announced its decision to downscale its workforce in a bid to weather difficult market conditions, just a week after the resignation of CEO Whit Gibbs and chief finance officer Jodie Fisher.

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