MARA, the Bitcoin miner, cuts 15% of its staff

Hey everyone, Here I am again talking about how AI is impacting jobs in different companies, and now it’s MARA’s turn. You probably heard about their recent moves, selling off a hefty chunk of Bitcoin and shifting focus towards AI. Last time I mentioned AI replacing jobs, I brought up Oracle letting go of around 30,000 employees due to their emphasis on data centers. It seems like MARA is on the same path, having just laid off 15% of its workforce. I’m curious about the total number of employees they had, but that detail was missing from the article.

When a company is on the roll they employ a lot more (people)  than they actually need. So it is rather normal to lay off people.

One of the major reasons they gave which is not tangible with me is the fact that, they are transitioning from a Bitcoin mining company to energy and Digital infrastructure company, whatever that nomenclature means, it's not a justifiably reasons to drop people that have laboured for years because i see it that this persons that have been laid-off can as well be trained and retrained on the new strategy of the company and what it wants to achieve.