Based in Las Vegas, the company Hosho fired more than 30 employees, thus reducing the number of staff by 80%. It is reported by CoinDesk.

The company argued that in 17 months of its existence, Hosho carried out the audit of such number of smart contracts, which are unlikely to be able to do any other firm in the blockchain industry.

“In the audit of many ICO, we thought we were going to go to the moon” — said co-founder and head of the Hosho Charter Sony.

According to him, restructuring is a necessary measure, required to survive for as long as will not increase the demand for the audit of smart contracts.

The head of the Hosho noted that staff from the US cost too much. Now the company is eyeing tech-savvy personnel from Ukraine. Also Hosho plans to go with its services to Asian markets.

Note that in the recent staff reduction has become a global trend for kriptonyte. For example, recently significantly reduced the staff of exchanger ShapeShift, project, Nebulas and exchange Coinsquare. According to some reports, the cuts threaten the staff of a startup ConsenSys and mining giant Bitmain.