Altcoin News: Blockchain.com Loses Important Executives

October 3, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The British provider of cryptographic data and wallet systems Blockchain.com stands after a series of disposals of key employees in the spotlight.

Formerly known under the name Blockchain.info, the company changed the domain to .com by renowned investors such as Roger Ver, Barry Silbert’s Digital Currency Group, LakeStar and Google Ventures supports.

According to an article published by The Information on October 2 Blockchain.com’s senior executives — COO Liana Douillet Guzmán and Chris Lavery, Executive Vice President of Finance — are expected to both leave the company,

Their withdrawals, according to The Information, would be only the most recent cases of numerous employee departures in last year.

According to the report, several executives left Blockchain.com within 12 months of being hired. These include the Head of Sales Team for Institutional Clients, the Strategy Director, the Global Head of Institutional Markets, the General Manager for Wallet’s main product, the Global Chief Security Officer and the Global Head of Policy.

In the face of this exodus, the board of Blockchain.com, according to a source known to The Information, was searching for the reasons for these numerous disposals.

It had come to the conclusion that some hiring from the classic financial sector did not really fit in with the crypto startup culture.

Others argued that despite the strong position of Blockchain.com in the industry, employees saw a lack of growth opportunities and had doubts about the company’s business strategy.

Author: Marko Vidrih