A few months ago Steam it laid off 70% of their employees as the company is struggling to meet their financial goals. We all know its dead. Is there any better alternative? And do you think such alternatives can survive?
Many companies on blockchain also cut off their employees due to the huge market downturn cycle. Because to maintain the project, the projects will have to do so to survive
Which is not a bad thing to do and the first step to take, cutting all form of expenses that may make them go bankrupt when they are having little challenges that still got the chance of being solved overtime.
This industry is one that is full of competitors, they might enjoy the monopoly when they are still the first and only one in that line, but the moment you start seeing people compete with them, it tends to reduce their power and their function, and the best would be to re-strategic which is not a day job, so there is nothing they would have done than to cut lots of expenses fist, I believe that Steemit will rise again.