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Blockchain Smartphone Company Sirin Labs Struggling to Survive, But Why?

Sirin Labs, a company behind Finney blockchain smartphone has recently announced to lay off its 15 out of 60 employees. Less than a month ago, Sirin Labs had teamed up with MyEtherWallet, Ethereum wallet generating service for an integration benefiting both the firm. Following the latest lay-off announcement, one specific reason that has revealed is ‘poor sales’.

Sirin Labs Lay-Off 15 out of 60 Employees

Sales are not what we expected’ – a very short yet precise reason behind Sirin Lab’s lay off announcement. Per the reports, the firm is not satisfied with the outcome than what they outlined it supposed to be. Ultimately, it says that the customers are disappointed with the recently launched blockchain phones – henceforth the poor sales.

The reports were confirmed by the Sirin Labs’s lead after the rumors spread the web – in fact, CEO Moshe Hogeg comes forth to response the rumors and said that they have already laid off 15 staff. The firm had reportedly completed the development…

Read Full Story : Coingape

2019-04-16 12:51:25

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Written by Coingape

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