Bankruptcy Court Judge in New Jersey It has approved BlockFi’s request for bonuses to senior employees. “This gives debtors and employees an opportunity to move forward. and maximize its value,” Judge Michael Kaplan said in Friday’s hearing. “We are happy to approve it.”
Previously, BlockFi saidIt is losing employees to other companies in a “talent war” that includes Walmart, Google and Block Inc., with 11 employees having left BlockFi since the company filed for bankruptcy in November. According to attorney Rush Howell, that represents nearly 10% of the company’s remaining employees.
“It is imperative that debtors establish these programs to retain key employees with the company.”
BlockFi will offer employees a bonus worth 42.5% or 9% of base salary. depending on their role
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