This news is probably false, mainly because ByteDance’s year-end bonus is not issued at the end of the year. It is somewhat similar to Alibaba: Byte’s performance month is March, performance is discussed in April, and the payment is received at the end of April…

Although the news is not true, the layoffs of major manufacturers have both negative and positive effects on the blockchain industry.

Negative: The general environment has a joint impact on the currency circle.

Pros: A large number of traditional developers are pouring into the blockchain industry to build an ecosystem. For example, Tencent’s csig department laid off employees last month, and many security protection programmers were recruited by blockchain project parties.